Balkrishna Industries' Finance Committee has approved the issuance of 55,000 rated, listed, unsecured, redeemable, non-convertible debentures.

Each debenture has a face value of INR 1 lakh, totaling an aggregate principal amount of up to INR 550 Cr.

These debentures will be issued via private placement in three series, with tenures ranging from approximately two to four years and annual interest rates between 7.35% and 7.40%. This move is part of the company's plan to raise funds, indicating a strategic financing decision.