Jyothy Laboratories, one of the leading fast moving consumer goods companies in the country, has received an approval for raising Rs 400 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis. Tenure of these bonds will be 23 months and will carry a coupon rate of 7.20 to 8%. The board of directors of the company in its meeting held on December 08, 2016 has approved for the same.
Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).
