Revised disclosure: NCD face value corrected to Rs 1 lakh each

Board & Shareholder Meetings View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ballarpur Industries corrected its earlier disclosure on NCD issuance. The face value was wrongly stated as Rs 1 crore each for 100 debentures; it should be Rs 1 lakh each for 10,000 debentures. The total issue size remains Rs 100 crore via private placement. NCDs are unsecured, 3 year tenure, 0% coupon, 9% IRR redemption premium, to be listed on BSE and NSE.

Likely market impact

Correction only; aggregate Rs 100 crore NCD raise unchanged. No material change for shareholders.