Committee Meeting Updates

Gabriel India Limited has approved the allotment of 1,00,000 senior, unsecured, rated, listed, redeemable, non-convertible debentures with a face value of INR 1 Lakh each, amounting to an aggregate principal of 1,000 Cr, through a private placement.

These instruments carry an annual coupon of 8.15% with a tenure of 36 months, maturing on September 10, 2029, and will be listed on the Wholesale Debt Market segment of BSE Limited.

This capital-raising move supports the company's financial strategy by securing debt funding from the market.