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Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28

NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years

Patanjali
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The debenture has been rated as AA by Brickwork

Press Trust of India New Delhi
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.

This would be the first-ever issuance of debentures by the Haridwar-based firm, which has emerged as one of the leading companies in the FMCG segment in recent years.

The non-convertible debentures (NCDs) will carry a coupon rate of 10.10 per cent with a tenure of three years. The maturity date is May 28, 2023. According to information, the bidding date would start on May 28 for NCDs, which would be listed on the

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First Published: May 27 2020 | 8:02 PM IST

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