Grandeur Products has received approval for raising funds through allotment of 10% of 7,50,000 Fully Secured Redeemable Unlisted Non-Convertible Debentures (NCDs) of Rs 100 each aggregating to Rs 7.50 crore at par on private placement basis.
The meeting of the Board of Directors of the company held on July 24, 2018 approved the same.
Grandeur Products is in the business of FMCG projects particularly into Coffee and related products. Its products include coffee, tea, cocoa, milk, milk products, sugar, sugar substitutes, and fruits.