Grasim Industries Raises ₹1,000 Crore via NCD Private Placement on BSE: S&R Associates Leads Legal Advisory
Grasim Industries Limited, a flagship company of the Aditya Birla Group, has successfully issued ₹1,000 crore worth of non-convertible debentures (NCDs) through a private placement on the BSE’s Wholesale Debt Market. Legal counsel for Grasim was provided by S&R Associates.
Also Read: CMPDI Files DRHP for IPO; JSA Advises on Legal Aspects of Coal India’s 10% Stake Sale
Deal Overview
| Feature | Details |
|---|---|
| Issuer | Grasim Industries Limited (BSE: 500300, NSE: GRASIM) |
| Instrument | Non-Convertible Debentures (₹1 lakh FV, unsecured, listed) |
| Amount Raised | ₹1,000 crore |
| Coupon Rate | ~6.56% per annum |
| Maturity | 5 years (June 6, 2030) |
| Rating | “AAA (Stable)” by ICRA & CRISIL |
| Listing Platform | BSE – Wholesale Debt Market Segment |
The issuance was approved via a board circular resolution on June 6, 2025, marking a key milestone in Grasim’s financing strategy.
Legal Advisory by S&R Associates
S&R Associates provided full legal support throughout the deal, including:
Drafting and negotiating private placement documentation
Advising on compliance with SEBI and BSE listing requirements
Coordinating sighting, rating, and documentation procedures
The legal team was spearheaded by Partner Kinnari Sanghvi, with assistance from associates Manan Sheth and Chendhil (K.J.) Kumar.
Strategic Significance
Cost-effective financing: Leveraging favorable credit ratings (AAA) and interest rate environment
Enhanced liquidity & flexibility: Strengthens Grasim’s capital structure to support growth in its diversified verticals
Market credibility: Issue size and institutional-grade rating underscores investor confidence
Why It Matters
Corporate Finance Strategy: The NCD route offers Grasim a long-dated, tax-efficient funding instrument.
Debt Market Significance: The issuance boosts secondary market activity on BSE’s Wholesale Debt Market.
Expert Legal Structuring: S&R’s quality advisory helped ensure timely closing and regulatory adherence—an endorsement of their strength in capital markets.
Grasim Industries has effectively tapped debt markets to secure ₹1,000 crore of funding, showcasing robust financial planning and cost-effective capital raising. S&R Associates steered the legal process end-to-end, reinforcing their reputation in high-value capital market transactions. This issuance further cements Grasim’s confident financial profile as it continues to diversify and scale.
Also Read: JSA Advises Lalithaa Jewellery Mart on ₹1,700 Crore IPO Plan
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
