Grasim Industries Limited raises Rs. 1000 crore through private placement of NCDs

The members of the Stakeholders' Relationship Committee of the Board of Directors of Grasim Industries Limited vide its circular resolution dated 5th April 2021 has allotted 10,000, 6.99% Fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10 Lakh each (Series 21-22 / 6.99% GIL 2031) aggregating to Rs. 1,000 Crore, on private placement basis.

These NCDs have been rated "AAA(STABLE)" by CRISIL and ICRA.

Shares of GRASIM INDUSTRIES LTD. was last trading in BSE at Rs.1443.6 as compared to the previous close of Rs. 1455.45. The total number of shares traded during the day was 67879 in over 2554 trades.

The stock hit an intraday high of Rs. 1472.4 and intraday low of 1425. The net turnover during the day was Rs. 98152600.

Source : Equity Bulls

Keywords