Outcome of Finance Committee Meeting held on 2nd June 2025
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Grasim Industries' Finance Committee, at its meeting on 2nd June 2025, approved the issuance of Fully Paid, Unsecured, Listed, Rated, Redeemable, Rupee-denominated Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, aggregating up to Rs. 1,000 crore. The issuance will be done in one or more tranches on a private placement basis. The meeting concluded at 5:26 p.m. The announcement was made under SEBI Listing Regulations disclosures.
The Rs. 1,000 crore NCD issuance is a standard debt-raising move that will strengthen the company's funding base without diluting shareholder equity. Coupon rate and tenure details are not disclosed, so impact on cost of capital remains to be seen.