Hindalco announces allotment of 70,000 NCDs of ₹1,00,000 each
The debenture issue is of ₹1,00,000 each aggregating to ₹700 Crores, on a private placement basis
FPJ Web Desk
Updated: Wednesday, January 18, 2023, 11:12 AM IST
Hindalco announces allotment of 70,000 NCDs of ₹1,00,000 each | Image credit: Hindalco (Representative)
Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, announced that the Capital Raising Committee of the Board of Directors of the Company has today approved allotment of 70,000 – 7.60% p.a., rated, listed, unsecured, redeemable, non-convertible debentures, via an exchange filing.
The debenture issue is of ₹1,00,000 each aggregating to ₹700 Crores, on a private placement basis.
The announcement is as per disclosure in terms of Regulation 30 of Listing Regulations is enclosed. [Annexure A].
The said NCDs have been rated as AA+ (Stable) by CARE Ratings Limited.
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