V-Guard industries gets nod for raising funds via NCDs

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.