BSEBallarpur Industries LtdMediumNeutral
Announced Tue, 14 Jul · 20:22 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 issuance of 100 listed, rated, unsecured NCDs of Rs 1 Crore each, totaling Rs 100 Crores, via private placement. Tenure is 3 years with 0 percent coupon and 9 percent IRR redemption premium. Debentures will be listed on BSE and/or NSE. Issuance in one or more tranches.
Likely market impact
Company raising Rs 100 Crore through debt; 9 percent effective yield is a moderate cost of borrowing with no equity dilution.