BSEBallarpur Industries LtdMediumNeutral
Announced Tue, 14 Jul · 20:29 IST
Board approves Rs 100 Crore NCD issuance via private placement
Fund Raising View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Ballarpur Industries board approved issuing 100 unsecured listed rated NCDs of Rs 1 crore each, aggregating Rs 100 crore, on private placement basis. Tenure is 3 years with a 0% coupon and a 9% annual IRR redemption premium. Debentures will be listed on BSE and/or NSE. Issuance may happen in one or more tranches.
Likely market impact
Rs 100 crore unsecured debt raise at 9 percent effective IRR is modest-cost borrowing, but adds to the company's leverage without asset backing.