Balkrishna Industries Approves Rs 750 Cr NCD Private Placement

Balkrishna Industries Limited's Finance Committee approved issuance of 75,000 rated, listed, unsecured, redeemable non-convertible debentures of Rs 1 lakh face value each, aggregating Rs 750 crore across three series.

NCD Series Details

Series I: 3-year tenure (allotment March 23, 2026; maturity March 23, 2029) at 7.20% p.a.

Series II: 4-year tenure (maturity March 22, 2030) at 7.38% p.a.

Series III: 5-year tenure (maturity March 21, 2031) at 7.55% p.a.

Shares of Balkrishna Industries Limited was last trading in BSE at Rs. 2038.65 as compared to the previous close of Rs. 2104.30. The total number of shares traded during the day was 104830 in over 1178 trades.

The stock hit an intraday high of Rs. 2092.00 and intraday low of 2030.50. The net turnover during the day was Rs. 214889691.00.

Source : Equity Bulls

Keywords

BalkrishnaIndustries INE787D01026 BKT NCDs