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Grasim secures cheapest rupee bond deal in 5 yrs
Financial Express Pune
|May 23, 2025
GRASIM INDUSTRIES HAS secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Reserve Bank of India are benefitting companies.
The flagship of Kumar Mangalam Birla plans to raise as much as ₹1,000 crore, selling a bond due in five years, according to sources. The note carries a coupon of 6.56%, they said, asking not to be identified as the information.
This story is from the May 23, 2025 edition of Financial Express Pune.
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