Birla Corporation has raised Rs 150 crore by allotment of 1500, (AA) rated, listed, secured, redeemable Non Convertible Debentures (NCDs) of Rs 10 lakh each on private placement basis. The tenure of the said NCDs is 5 years from the deemed date of allotment with maturity on 17th February, 2027. The NCDs will be listed on BSE.
Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.