BALLARPURNSEBallarpur Industries Limited· Paper And Paper ProductsMediumNeutral
Announced Wed, 15 Jul · 20:27 IST
Ballarpur Industries corrects NCD issue details, raises Rs 100 Cr via private placement
Fund Raising View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Ballarpur Industries issued a corrigendum clarifying that the Board approved issuance of 10,000 unsecured, listed, rated Non-Convertible Debentures of face value Rs 1 Lakh each, aggregating Rs 100 Crores via private placement. Earlier filings incorrectly mentioned face value as Rs 1 Crore and quantity as 100. NCDs carry 0% coupon with 9% IRR redemption premium over 3 years, to be listed on BSE or NSE.
Likely market impact
Company is raising Rs 100 Cr through zero-coupon NCDs with 9% IRR redemption. No equity dilution, but adds to debt obligations.