On Wednesday, Baba Ramdev-led Patanjali Ayurved opened a Rs 250-crore debenture for subscription. This debenture of Patanjali became fully subscribed within the third minute of opening. Patanjali Ayurved spokesperson SK Tijarawala has given this information. Patanjali has plans to meet its working capital needs and strengthen the supply chain network with the proceeds from the debenture issue.
For your information, let us tell you that this was the first debenture issue of Haridwar based company. The date of maturity in this debenture is 28 May 2023. That is, it is for three years. This non-convertible debenture (NCDs) is accompanied by a coupon rate of 10.10 percent. That is, interest will be paid at the rate of 10.10 percent on it. Also, the debentures will be listed in the stock market and will be exchangeable. Patanjali has been one of the biggest companies in the FMCG sector for the last few years.
In his statement, Patanjali Ayurved spokesperson SK Tijarawala said, "During the time of this epidemic, demand for Ayurvedic products that increase immunity has increased. The demand for other products has also increased. This has increased the pressure on our supply chain. The pressure has increased throughout the supply chain from manufacturing to distribution. He further said, 'We are raising funds to strengthen the supply chain. So that we can simplify the process from construction to distribution. 'In December last year, Haridwar-based Patanjali Ayurved completed the acquisition of bankrupt Ruchi Soya for Rs 4,350 crore. Recently, many companies have announced plans to raise money from the market through debentures, as companies are currently facing a cash crunch.
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