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Godrej industries raises Rs 750 crore through NCDs

28 Sep 2021 Evaluate

Godrej industries has raised Rs 750 crore through Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 7,500 NCDs having Face Value of Rs 10 lakh each at par. The proceeds of the Issue are proposed to be used for business purposes, investments in body corporate, repayment / prepayment of certain loans and for general corporate purposes.

Godrej industries a part of Godrej group, is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.

Peers
Company Name CMP
Godrej Industries 943.60
SRF 2336.65
BASF India 3116.35
Pidilite Inds. 1451.90
Tata Chemicals 598.55
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