Gabriel India Limited has received in-principle approval from its board of directors to raise funds up to INR 1,000 crore. This capital will be raised through the issuance of senior, unsecured, rated, listed, redeemable, non-convertible debentures on a private placement basis. A new Finance Committee has also been constituted to oversee the issuance of these debentures.
Fundraising Initiative Approved
Gabriel India Limited’s board of directors has given its in-principle approval for a significant fundraising exercise. The company plans to raise funds not exceeding INR 1,000,00,00,000 (Rupees One Thousand Crore Only). This amount will be raised through the issuance of senior, unsecured, rated, listed, redeemable, and non-convertible debentures. The issuance will be conducted on a private placement basis.
Finance Committee Constitution
In conjunction with the fundraising plan, the board has also approved the constitution of a Finance Committee. This committee will be delegated powers pertaining to the issuance of the aforementioned debentures, among other financial matters. The board meeting where these approvals were granted commenced at 10:00 am IST and concluded at 10:42 am IST on August 24, 2026.
Key Details of Issuance
The proposed issuance involves 1,00,000 (One Lakh) non-convertible debentures, each with a face value of INR 1,00,000 (Indian Rupees One Lakh Only). The total aggregate value of the issuance is up to INR 1,000 Crores. These securities are intended to be listed on the BSE Limited. Further details regarding the tenure, date of allotment, maturity, coupon/interest, and payment schedules will be specified in a key information document.
Source: BSE
