New Delhi: Patanjali Ayurved, led by yoga guru Baba Ramdev, had asked for Rs 250 crore from the investors in the bond market. The company has received Rs 250 crore from investors within 3 minutes. In fact, Patanjali Ayurved had issued 250 million rupees non-convertible debentures (NCDs). Investors took it in hand and within 3 minutes this debenture of the company became fully subscribed.

For the first time, Haridwar headquarters company Patanjali Ayurved has used the bond market to raise capital. Brickwork gave this debenture an AA rating, which is considered good. It will be listed in the stock market. It was released on Thursday. It is noteworthy that recently several companies like Reliance Industries, Tata Steel, HDFC Bank, Mahindra & Mahindra have raised money from the bond market.

Let us tell you that non-convertible debentures (NCDs) are a financial instrument that companies issue to raise long-term capital. Its duration is fixed, so it is like FD, but it is listed on the stock market, so it is easy to get out of it. Interest on this is also 10 percent or more. Non-convertible means that this debenture cannot be converted into shares.

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