Godrej Industries' board of directors apporved a proposal to raise Rs 750 crore via issue of non-convertible debentures (NCDs). The management committee of the company stated after a meeting held on Tuesday. The statement read, "approved the placement memorandum/ information memorandum for issuance of up to 7,500 rated, listed, unsecured, redeemable, NCDs having a face value of Rs 10 lakh each, aggregating to Rs 750 crore on a private placement basis".