CMS IndusLaw Advises Godrej Industries on $105 Million NCD Issuance

Godrej Industries’ Strategic Fundraising Initiative

Godrej Industries Limited has successfully completed the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) totaling $105 million through a private placement. This financial move comprised two series, each valued at ₹500 crore, and was officially listed on the National Stock Exchange of India’s Wholesale Debt Market segment. Catalyst Trusteeship Limited served as the Debenture Trustee for this issuance.

Role of CMS IndusLaw in the Transaction

CMS IndusLaw played a pivotal role in advising Godrej Industries throughout this fundraising process. The team was spearheaded by Partner Abir Lal Dey, with significant contributions from Associates Khushi Sharma and Soham Dwibedi.

Strengthening Financial Flexibility

This strategic action is set to bolster Godrej Industries’ capital reserves and enhance its financial agility. The funds raised are earmarked for a variety of purposes, including strategic business initiatives, investments, refinancing existing debt, and other general corporate needs.

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