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Crompton Greaves Consumer Electricals raises Rs 325 crore on private placement basis

12 Jul 2022 Evaluate

Crompton Greaves Consumer Electricals has raised Rs 325 crore on private placement basis. The Committee of Debentures of the Company on July 12, 2022 approved the allotment of 3,250 Secured Rated Listed Redeemable Non-Convertible Debenture (NCDs) of a face value of Rs 10,00,000 each aggregating up to Rs 325 crore on private placement basis.

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.

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