Hindalco Industries Board approves NCDs for Rs 700 crore

19 Jan 2023 , 09:17 AM

Hindalco Industries Limited informed to the exchanges regarding allotment of non-convertible debentures by the company.

As per the regulatory filing, the company has announced that the Capital Raising Committee of the Board of Directors of the Company at its meeting held on January 10, 2023, approved issuance of Non-Convertible Debentures (‘NCDs’) on private placement basis, for an amount not exceeding Rs700 crore.

The said NCDs have been rated as AA+ (Stable) by CARE Ratings Limited, the company further informed in a statement.

At around 9:17 AM, Hindalco Industries was trading at Rs494 per share lower by 1.80% on the BSE.

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