Hikal gets nod to raise Rs 375 crore through NCDs
14th Feb 2022

Hikal has received approval to raise Rs 375 crore through 3750 Unrated, unlisted, secured, redeemable, Non-Convertible Debentures (NCDs) on private placement basis. Date of maturity will be 8 years from the date of allotment. The Board of Directors of the Company at its meeting held on February 14, 2022, has approved the same.

Hikal is a leading manufacturer and supplier of API's and intermediates globally.