Aditya Birla Renewables raises Rs 25 billion through NCD issuance
Aditya Birla Renewables (ABReL), a subsidiary of Grasim Industries, has successfully raised Rs 25 billion through the issuance of non-convertible debentures (NCDs) via private placement. On September 24, 2024, the company allotted 2,50,000 unsecured, listed, rated, and redeemable NCDs, each with a face value of Rs 1 lakh. This move highlights ABReL’s strategic efforts to...