Godrej Industries Limited — QIP/Rights/Pref., 22-11-2024: Allotment of Securities

Godrej Industries Limited has allotted 50,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) for each of its two series, totaling ₹1,000 crore (₹500 crore per series). Series 1 has a tenor of 3 years and 6 months with a coupon rate of 8.10% p.a., maturing on May 22, 2028. Series 2 has a longer tenor of 5 years at 8.15% p.a., maturing on November 22, 2029. Proceeds from this issue will be utilized for business purposes, investments in corporate entities, and loan repayments.