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V-Guard industries gets nod for raising funds via NCDs

29 May 2019 Evaluate

V-Guard industries has received approval for raising of funds by way of issue of secured or unsecured redeemable Non-Convertible Debentures (NCDs), in one or more tranches on private placement basis, within the existing approved limit of borrowings of Rs 750 crores. The Board of Directors of the company at their meeting held on May 29, 2019, approved the same.

V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.

Peers
Company Name CMP
Waaree Energies 2441.00
Apar Industries 14581.40
Havells India 1121.60
Suzlon Energy 39.05
Siemens 3655.45
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