InvestorQ : Can you tell me about the recent debt raising by Grasim?
Anjana Aiyar made post

Can you tell me about the recent debt raising by Grasim?

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Arya Nanda answered.
4 months ago
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Grasim Industries, the flagship of the Aditya Group, has raised Rs.500 crore via the private placement of non-convertible debentures or NCDs. The board had approved the allotment of 5000 fully-paid unsecured redeemable non-convertible debentures of Rs.10 lakh each on private placement basis. The NCDs will have a tenure of 3 years and the deemed date of allotment will be 17 June 2020. The coupon rate has been set at an extremely low level of 5.9%.

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