"In this pandemic, demand for Ayurveda-based products, which help in boosting immunity, along with other products has gone up by three-folds. That has put constraints in our supply chain, right from manufacturing to distribution," Patanjali
spokesperson S K Tijarawala told PTI.
"We are raising this (fund) to strengthen this one (supply chain), so that we can smoothen our process from manufacturing to distribution, he added.
The debenture has been rated as AA by Brickwork.
Recently, several companies
have announced plans to raise money from the market through debentures, as they are facing a liquidity crunch. Companies
also need money to meet the costs involved in resuming their production capacity and augmenting their supply pipelines.
In December last year, the Haridwar-based group had completed the acquisition of bankrupt Ruchi Soya for Rs 4,350 crore, maker of soya food brand Nutrela through an insolvency process. Patanjali
won the bid to acquire Ruchi Soya after Adani Wilmar, which sells edible oil under the Fortune brand, withdrew from the race citing significant delays in resolution process that led to deterioration of assets.