Brown & Co. to raise Rs.5bn via listed debt

28 Dec 2021 - {{hitsCtrl.values.hits}}

Meanwhile, the immediate parent of Browns Investments PLC (BIL), Brown & Company PLC, yesterday said it is planning to raise up to Rs.5 billion through a debenture issue. Accordingly, the company plans to issue up to 50 million listed, rate, guaranteed, senior, redeemable debentures, at par value of Rs.100 each.
The issue is subject to necessary regulatory approvals.