BRFL Textiles Private Limited announced that it will issue 500,000 optionally convertible debentures each having a face value of INR 1,000 bearing a coupon of 20.35% per annum for a consideration of INR 500,000,000 in the first tranche with new investor, Gokaldas Exports Limited on June 19, 2024. The company may further issue up to 30,00,000 OCDs in multiple subsequent tranches depending on the funding requirements of the company for a remaining consideration of INR 3,000,000,000. The Investment would be subject to the approval from shareholders and the existing lenders of the company.