Anupam Rasayan India Limited announced that its board approved the issuance of up to 16,000 INR denominated, secured, rated, unlisted, and redeemable non-convertible debentures with a nominal value of INR 100,000 each, aggregating to not more than INR 160 crore, on a private placement basis to Aditya Birla Capital Limited. The proceeds will be used for repayment of existing debt facilities and/or investment in group companies and/or for general corporate purposes, and the debentures will be secured by a pledge over certain shares and a hypothecation over an escrow account with Axis Bank Limited.