Godrej Industries Limited has announced the approval of the allotment of 75,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures, each with a face value of ₹1,00,000. The total issue aggregates to ₹7,50,00,00,000 (₹7,500 crore). These debentures, issued on a private placement basis, carry a coupon rate of 8.50% p.a. payable annually and will mature on March 18, 2032. The proceeds are earmarked for general corporate purposes, including business operations and investments.
Godrej Industries Approves Major Debenture Issuance
Godrej Industries Limited has officially approved the allotment of a significant tranche of unsecured redeemable non-convertible debentures (NCDs). The Management Committee of the Board of Directors sanctioned the issuance of 75,000 NCDs, each with a face value of ₹1,00,000. This private placement issue amounts to a total of ₹7,50,00,00,000, which is ₹7,500 crore.
Key Terms of the Debenture Issue
These NCDs are Rated, Listed, Unsecured, Redeemable, and Non-Convertible. The approved allotment date is September 18, 2026. The debentures will mature on March 18, 2032, with a tenor of 5 years and 6 months. Investors will receive an annual coupon of 8.50%, payable annually. The redemption price for each NCD will be ₹1,00,000.
Use of Proceeds
The funds raised from this issuance are intended to support various business activities. These include general business purposes, investments in corporate entities, and the repayment or pre-payment of existing loans, contributing to the company’s financial flexibility and strategic growth initiatives.
Listing Details
The debentures will be listed on the National Stock Exchange of India Limited (NSE) under the debt segment. The issuer’s scrip code for BSE is “500164”, and the NSE identifier is “GODREJIND”.
Source: BSE
