Grasim Industries from Aditya Birla Group Allots Non-Convertible Debentures Raising ₹1,000 Crore
By Ankur Chandra | Updated at: Jun 6, 2025 05:05 PM IST
MUMBAI, June 6, 2025 — Grasim Industries Limited (NSE: GRASIM, BSE: 500300), a flagship company of the Aditya Birla Group, successfully made a private placement of 1,00,000 Non-Convertible Debentures (NCDs) at 1,00,000 (face value), raising ₹1,000 crore. The NCDs (6.56% GIL 2030, Series I) are rated “AAA (STABLE)” by ICRA and CRISIL, reinforcing its financial strategy with a stable and cost-effective funding route.
Key Details of the NCD Issue
Through a circular resolution passed on June 6, 2025, the stakeholders’ Relationship Committee of the Board approved the allotment of 1,00,000 fully paid, unsecured, listed, rated, and redeemable rupee-denominated NCDs. Each debenture has a face value of ₹1,00,000.
| Particulars | Details |
|---|---|
| Issue Size | ₹1,000 crore |
| Instrument Type | 6.56% Unsecured, Listed, Redeemable NCDs |
| ISIN / Series | 6.56% GIL 2030, Series I |
| Coupon Rate | 6.56% p.a., payable annually |
| Tenure | 5 years (Maturity on 6th June 2030) |
| Rating | “AAA (Stable)” by ICRA and CRISIL |
| Listing | BSE Wholesale Debt Market Segment |
| Security | Unsecured |
| Redemption | At par on maturity (June 6, 2030) |
| Default Clause | 2% p.a. penal interest on delays |
The NCDs will be listed on BSE Limited, at its the Wholesale Debt Market (WDM) segment, enhancing transparency and secondary market liquidity.
Strategic Financial Planning
The “AAA (Stable)” credit rating from ICRA and CRISIL underscores Grasim’s strong balance sheet and financial prudence. The capital raised will aid the company in maintaining liquidity while pursuing expansion across its verticals.
About Grasim Industries
Grasim Industries is one of India’s largest private sector conglomerates, with business interests spanning viscose staple fibre (VSF), cement (via UltraTech Cement), chemicals, textiles, and paints. It has also ventured into B2B e-commerce through its platform, Birla Pivot. Grasim continues to pursue diversified growth backed by sound capital allocation and strategic investments.
About Aditya Birla Group
Founded in 1857, the Aditya Birla Group is a USD 65+ billion multinational conglomerate operating across 36 countries with more than 140,000 employees. The Group commands leadership positions in sectors such as metals, cement, textiles, carbon black, telecom, and financial services. It is ranked among the top industrial houses in India and is known for its deep-rooted values, strong governance, and global footprint.
REF: https://nsearchives.nseindia.com/corporate/GRASIM_06062025113227_SEIntimationSRCOutcome.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
