Allotment of 1,00,000 - 6.56% Fully paid, Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures of Rs. 1 lakh each
Awaiting price reaction for this filing.
Grasim Industries has allotted 1,00,000 unsecured, rated, listed, redeemable non-convertible debentures (NCDs) of face value ₹1,00,000 each, aggregating ₹1,000 crore, on a private placement basis. The NCDs carry a coupon rate of 6.56% per annum, payable annually, with a 5-year maturity ending 6th June 2030. The instruments have been rated AAA (Stable) by both ICRA and CRISIL and are proposed to be listed on the Wholesale Debt Market segment of BSE. The allotment was approved by the Stakeholders' Relationship Committee on 6th June 2025, and no security or charge has been created on company assets.
The fund raise at 6.56% with a top-tier AAA rating reflects strong creditworthiness and a low cost of borrowing for Grasim. This is a routine debt-raising event with no equity dilution, and is largely neutral to shareholders, though it adds to the company's overall debt obligations over the next 5 years.