Godrej Industries has raised Rs 750 crore through the allotment of 75,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each to the Investors on private placement basis. The NCDs carry a coupon rate of 8.50% per annum and are set to mature on March 18, 2032.
The proceeds of the issue are proposed to be used for business purposes, investments in body corporate(s), 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.
