Emami Ltd has raised Rs 300 crore through allotment of unsecured non-convertible debentures (NCDs) to DBS Bank Ltd to retire the short-term debt, including payment of commercial papers.
In a filing to the stock exchanges, Emami said it has allotted 3,000 NCDs of face value of Rs 10 lakh each, aggregating Rs 300 crore to DBS Bank on private placement basis.