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Crompton Greaves Consumer Electricals gets nod to raise Rs 700 crore

07 Jun 2016 Evaluate

Crompton Greaves Consumer Electricals (CGCEL) has received its shareholders approval to raise around Rs 700 crore through the issuance of non-convertible debentures (NCDs) on private placement basis.

The company’s shareholders have approved raising up to Rs 700 crore from secured NCDs including debenture stocks, bonds and/or other debt securities, listed or unlisted, on private placement basis.

In April last year, Avantha Group had sold its entire holding of 34.37% in demerged consumer products business of Crompton Greaves to private equity investors Advent International and Temasek for Rs 2,000 crore.

Crompt.Greaves Cons. Share Price

293.35 2.70 (0.93%)
08-May-2026 16:59 View Price Chart
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