Debt

Debt financing

Godrej Industries raises Rs.1,000-Cr through NCDs in two tranches

Business Standard  

Godrej Industries Ltd, the holding company of the Godrej Group, has raised INR 1,000 crore in two tranches through unsecured redeemable non-convertible debentures (NCDs) from the domestic debt capital market.The company raised INR 500 crore by selling 3.5-year papers at a coupon of 8.1 % to investors. It raised another INR 500 crore by selling 5-year papers at a coupon of 8.15 %.Both issuances had a base size of INR 250 crore and a green shoe option of another INR 250 crore.