Grasim Industries Ltd on Wednesday said its board has approved raising up to Rs 1,000 crore through issuance of NCDs on private placement basis.
The fund will be raised in one or more tranches, the Aditya Birla Group firm said in a regulatory filing.
The Finance Committee of the Board of Directors of the Company at its meeting held today, inter alia, considered and approved issue of Non-Convertible Debentures (NCDs) on private placement basis, for an amount not exceeding Rs 1,000 crore, in one or more tranches, it said.
Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals.
For 2018-19, the company had reported a revenue of Rs 20,550.43 crore.
Shares of Grasim Industries on Wednesday settled at Rs474.55 apiece on the BSE, down 0.18 per cent from previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app