Godrej Industries to raise Rs 1000 cr via NCDs

Godrej Industries announced that the Management Committee of the Board of Directors of the Company has on March 10, 2023, inter alia, approved the Placement Memorandum / Information Memorandum for issuance of upto 1,00,000 (One Lakh) Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures having Face Value of Rs.1,00,000/- (Rupees One Lakh Only) each, aggregating upto Rs.1,000 Crore (Rupees One Thousand Crore Only) on private placement basis as below:

(i) 25,000 Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures of Face Value of Rs 1,00,000 each, of the aggregate nominal value of upto Rs 250,00,00,000 with an option to retain over-subscription upto Rs 250,00,00,000 collectively aggregating upto Rs 500,00,00,000 (“SERIES 1 DEBENTURES”); and

(ii) 25,000 Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures of Face Value of ₹ 1,00,000 each, of the aggregate nominal value of upto Rs 250,00,00,000 with an option to retain over-subscription upto Rs 250,00,00,000 collectively aggregating upto Rs 500,00,00,000 (“SERIES 2 DEBENTURES”).