Subros has decided to raise Rs 150 crore through issuance of Secured/Unsecured, Redeemable, Non-Convertible Debentures (NCDs) on private placement basis. The board of company at its meeting held on March 29, 2017 has approved for the same.
Subros is a leading manufacturer of automotive air conditioning systems and thermal products for automotive applications in India. The company has also been supplying cab mounted HVAC Units to Indian Railways for Driver Cabin application.