V-Guard Industries has received an approval for raising of funds up to Rs 500 crore. The board of directors at its meeting held on January 22, 2018 has approved for the same.
The company will raise funds by way of issue of equity shares or any other instrument or security including non-convertible debentures or fully / partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants through qualified institutional placement or private placement or combination of the above, as may be considered appropriate, subject to such approvals as may be required including the approval of the members in general meeting or through postal ballot-process and further subject to such other statutory / regulatory approvals, as applicable.
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
