New Delhi: Aditya Birla Group’s metals flagship company Hindalco Industries plans to raise up to Rs 700 crore by issuing non-convertible debentures.
Hindalco, the country’s leading aluminum producer, plans to raise up to Rs 700 crore by issuing bonds.
The debentures will be redeemed at the end of 14 months from the date of allotment.
In a regulatory filing, the company has approved its capital raising committee to allocate 70,000. It is 7.60 per cent per annum rated, listed, unsecured, redeemable, non-convertible debentures of Rs.1,00,000 each.
Debentures worth Rs 700 crore will be raised through allotment to private financial institutions.
