Voltas has received approval from board of directors to raise funds through issuance of Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs) on Private Placement basis for an amount upto Rs 500 crore. The funds would be utilized for the capital expenditure of the Company for its new manufacturing Plants at Chennai and Waghodia in Gujarat. The Board has constituted and authorized the Debenture Committee to take necessary actions in respect of finalization of terms of issuance and allotment of NCDs. The board of directors at its meeting held on October 19, 2023 has approved the same.
Voltas is among India’s leading air-conditioning, refrigeration and engineering services companies.
