Balkrishna Industries’ board has decided to raise funds up to Rs 1,000 crore through broader means of long-term finance. The long-term finance can be in the form of foreign currency bonds, non-convertible debentures (NCD), external commercial borrowings and term loans in various currencies. The company’s board at a meeting held on September 25, 2021 has decided for the same.
Balkrishna Industries is a leading manufacturer in the Off-Highway tire market. Since its founding in 1987, BKT has successfully focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.
