Zydus Wellness has availed credit rating of ‘AA+’ Stable from Credit Rating Agency CARE for proposed issue of Rs 1,500 crore Secured Redeemable Non-Convertible Debentures (NCDs). The proposed NCDs would have tenure of five years with repayment in annual installments of Rs 500 crore each in three years starting from the end of third year from the date of placement.
Zydus Wellness is an integrated consumer company. The company is engaged in the development, production, marketing and distribution of health and wellness products.
