Havells India is going to issue fresh Commercial Paper to Reliance Mutual Fund for an amount of Rs 150 crore in addition to the Commercial Paper issued to UTI Mutual Fund earlier for an amount of Rs 150 crore. The tenure will be for 91 days and will carry coupon rate of 6.25% per annum. The proposed date of allotment will be September 12, 2017 and date of maturity will be December 12, 2017.
Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.