Emami has informed the stock exchanges that it had allotted 3,000 unsecured, non-convertible, debentures (NCDs) of face value ₹10 lakh each, aggregating to ₹300 crore to DBS Bank on private placement basis.
The entire proceeds of the NCD issue will be used to retire short-term debt, including payment of commercial papers, Emami added. Investors, who had earlier approved the issue, will track the development.