Varroc Engineering has raised Rs 250 crore through allotment of 25,000 Rated, listed, senior, unsecured, redeemable, taxable, transferable, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each. The Finance Committee of the Board of Directors of the Company at its meeting held on September 7, 2023 approved the same.
Varroc Engineering is a global tier-1 automotive component group.