Specification related to ISIN for debt securities for the period 1st October 2024 to 31st March 2025
GRASIM · price
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Grasim Industries has shared a routine half-yearly update listing its outstanding Non-Convertible Debentures (NCDs) with BSE. During the October 2024 to March 2025 period, the company raised fresh debt of Rs 2,000 crore on 19th December 2024 at 7.21% coupon, maturing in December 2034 and listed on BSE. One earlier NCD of Rs 1,000 crore (originally maturing in July 2026) was redeemed early on 27th December 2024 after Grasim exercised its call option. Total listed NCDs outstanding stand at Rs 5,000 crore across three series, plus an unlisted Rs 1,250 crore NCD held by a multilateral institution. Coupon rates range from 6.99% to 7.63%, indicating the company is borrowing at competitive rates.
No direct impact on equity shareholders. The Rs 2,000 crore fresh borrowing slightly raises the company's debt load but at attractive rates, while the early redemption of a 2026 NCD reflects healthy liquidity and proactive liability management by Grasim.