FMCG firm Jyothy Laboratories today said its board has approved raising Rs 400 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis.
"The Board of Directors of the company... Have approved the proposal of issuance of 4,000 secured, rated, unlisted, redeemable,non convertible debentures...Aggregating to Rs 400 crore on private placement basis," Jyothy Laboratories said in a BSE filing.
Tenure of these bonds will be 23 months and will carry a coupon rate of 7.20 to 8 per cent.
Some of the popular brands of the FMCG company are Ujala, Pril, Margo and Fa.
Shares of Jyothy Laboratories today closed 2.03 per cent higher at Rs 377 on BSE.
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