Godrej Industries allots ₹7,50,00,00,000 of 8.50% unsecured debentures
As filed · Godrej Industries Limited has informed the Exchange regarding allotment of 75,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures.
CapitalMinormateriality 58 out of 100
What happened
FactGodrej Industries allotted 75,000 rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis. The debentures have a face value of ₹1,00,000 each, carry an 8.50% p.a. annual coupon, and mature on March 18, 2032.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- The allotment provides Godrej Industries with debt funding, with proceeds proposed for business purposes, investments in body corporate(s), repayment/pre-payment of certain loans, and general corporate purposes. The debentures are unsecured and carry an annual coupon obligation until redemption.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%