VIP Industries’ board has approved issue of principal protected, secured, rated, listed, redeemable, non-convertible debentures (NCDs) on private placement basis in one or more tranches/ series/ types aggregating upto Rs 50 crore. The Board of Directors at its meeting held on August 5, 2020 has approved the same.
VIP Industries is engaged in the manufacturing of hard luggages and soft luggages. The company operates through two segments - Luggage, Bags & Accessories, and Furniture.