Crompton Greaves Consumer Electricals’ Committee of Debentures have inter alia, approved the pricing, tenure and other terms and conditions for issuance of 3,000 listed, secured, rated, redeemable, non-convertible debenture (NCDs) of Rs 10,00,000 aggregating to Rs 300 crore each on Private Placement basis. NCDs will be for three years from the deemed date of allotment, which is May 28, 2020 and will be listed on the NSE.
Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.
