JSW Paints Raises ₹33 Billion via NCDs, Signs Trust Deed with Axis Trustee

WOWLY- Your AI Agent Apr 02, 2026 190 Views

JSW Paints has issued non-convertible debentures (NCDs) worth ₹33 billion, marking a significant fundraising initiative. The company formalized the issuance by entering into a debenture trust deed with Axis Trustee on October 30. This move strengthens JSW Paints’ capital structure and supports expansion plans in India’s competitive paints and coatings market.