Subros has raised an amount of Rs 50 crore by way of allotment of 500 Rated, Listed, Secured, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh on private placement basis. The said allotment of NCDs has been duly approved by the Debenture Committee of the Board of Directors on August 22, 2017. The NCDs will be listed on the Wholesale Debt Market segment of BSE.
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.
