MoneyWorks4Me

ABB India raises Rs 600 crore through NCDs

05 Sep 2015 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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