Balkrishna Industries has raised Rs 500 crore through the allotment of 5000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of a face value of Rs 10,00,000 on a private placement basis. The Finance Committee constituted by Board of Directors of the company at its meeting held October 28, 2021 has approved the allotment of 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.
