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VIP Industries gets nod to raise Rs 50 crore via NCDs

06 Aug 2020 Evaluate

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.

Peers
Company Name CMP
Avenue Supermarts 3738.00
Trent 2778.05
Vishal Mega Mart 101.00
PN Gadgil Jewellers 607.00
Aditya Birla Life 81.06
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