GAIL (India) has raised Rs 1575 crore through issuance of 15,750, 7.34% Senior, Unsecured, Listed, Rated, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures (Series-I) (NCDs) of face value of Rs 10,00,000 each on private placement basis on December 20, 2022.
The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowings and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Company.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
