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Solar Industries planning to raise Rs 60 crore through NCDs

20 Dec 2022 Evaluate

Solar Industries is planning to raise Rs 60 crore through issuance of 8.20% per annum, 600 unsecured, rated, listed, senior, redeemable, non?convertible debentures (NCDs) having face value of Rs 10,00,000 each.

Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.

Peers
Company Name CMP
Godrej Industries 1103.75
SRF 2544.90
BASF India 3664.25
Pidilite Inds. 1575.00
Tata Chemicals 694.60
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