Patanjali Ayurved raises ₹ 175 crore through NCDs
The Hindu
This is the second debenture issuance by Patanjali Ayurved.
Baba Ramdev-led Patanjali Ayurved on Tuesday said it has raised ₹ 175 crore by issuing non-convertible debentures (NCDs). The Haridwar-based firm would use the funds for expansion and working capital, a spokesperson of the company said adding the issue got fully subscribed within four minutes of opening on Tuesday. “Patanjali Ayurved raised another ₹ 175 crore via NCDs,” company's spokesperson SK Tijarawala said.
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