Crompton Greaves Consumer Electricals has raised Rs 300 crore through listed, secured, rated, redeemable, Non-Convertible Debenture (NCDs) and allotted 3,000 NCDs of a face value of Rs 10 lakh each on private placement basis in two series, 1500 Series A, 7.25% Rated, Secured, Listed, Redeemable Non-Convertible Debentures of a face value of Rs 10 lakh each aggregating to Rs 150 crore and 1500 Series B, 7.25% Rated, Secured, Listed, Redeemable Non-Convertible Debentures of a face value of Rs 10 lakh each aggregating to Rs 150 crore.
The Committee of Debentures in its meeting held on May 29, 2020 has allotted and approved the same.
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.