Announced Wed, 24 Jun · 12:43 IST
Godrej Industries allots Rs 1,000 crore NCDs via private placement
Fund Raising View source PDF
GODREJIND · price
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Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹1135.00
prior close
₹1160.10
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AI summary
Godrej Industries has allotted 1,00,000 unsecured listed NCDs on private placement in two series of 50,000 each. Each series is worth Rs 500 crore, totalling Rs 1,000 crore. Coupon is 8.23 percent per annum paid annually. Series 1 matures September 2031, Series 2 in December 2031. Proceeds will fund business, investments, loan repayment and general corporate needs.
Likely market impact
Raises Rs 1,000 crore via debt with no equity dilution. Loan repayment use may lower interest costs over time.