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Havells India to raise Rs 500 crore through issue of Commercial Paper

05 Aug 2020 Evaluate

Havells India is all set to raise Rs 500 crore through issue of Commercial Paper (CP). The company has issued CP worth Rs 300 crore to ICICI Bank with Value Date for the deal as August 03, 2020 and worth Rs 200 crore to ICICI Prudential Money Market Fund with Value Date for the deal as August 05, 2020.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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