Pidilite Industries redeems 600 NCDs aggregating to Rs 60 crore

11 Dec 2013

Pidilite Industries has redeemed the outstanding 600 NCDs aggregating to Rs 60 crore on the maturity date i.e. December 05, 2013.

The company had issued 750 Secured Redeemable Non-Convertible Debentures (NCDs-Series I) of face value of Rs 10 lakh each aggregating to Rs 75 crore in December 2008 and which were listed in the Wholesale Debt Market Segment of National Stock Exchange of India. The company later re-purchased 150 NCDs from the open market.

Pidilite Industries has diversified in various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations. It has created brands like Fevicol, Dr Fixit, Cyclo, hobby ideas, Roff and M-Seal.

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