MoneyWorks4Me

Varroc Engineering raises funds through NCDs

17 Sep 2021 Evaluate

Varroc Engineering has raised Rs 125 crore through rated listed secured redeemable non-convertible debentures (NCDs) (Option - I Debentures) and allotted 1250 NCDs having face value of Rs 10 lakh each and company has also raised Rs 250 crore through NCDs (Option - II Debentures) and allotted 2,500 NCDs having face value of Rs 10 lakh each.

Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components.

Peers
Company Name CMP
SamvardhanaMotherson 163.90
Tube Investments 2618.90
Bosch 48374.95
UNO Minda 1216.50
Bombay Burmah Trdg. 1525.40
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