ABB India has raised Rs 600 crore via issue of non-convertible debentures (NCDs). The company’s board of directors at its meeting held on September 4, 2015 has allotted 600 rated listed, unsecured redeemable non-convertible debentures of face value of Rs 1,00,00,000 each at par. The NCDs were issued on private placement basis to the identified investor.
ABB India is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.
