India New Issue-Grasim Industries accepts bids for bond issue, bankers say

Grasim Industries

05/06/2025 08:39

MUMBAI, June 5 (Reuters) - India's Grasim Industries GRAS.NS has accepted bids worth 10 billion rupees ($116.7 million) for bonds maturing in five years, three merchant bankers said on Thursday.

The company will pay an annual coupon of 6.56% on the issue and had invited bids from bankers and investors earlier in the day, they said.

Grasim Industries did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on June 6:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Grasim Industries
5 years
6.56
10
June 5
AAA (Crisil, Icra)
Dalmia Cement (Bharat)
7 years
To be decided
2+1.50
June 11
AA+ (Crisil)
Dalmia Cement (Bharat)
10 years
To be decided
5.50+1.50
June 11
AA+ (Crisil)
Highways Infra Trust
16 year and 7 months
To be decided
9
June 6
AAA (Crisil)
PFC
10 year and 1 month
To be decided
5+15
June 9
AAA (Crisil, Care, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.6640 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))