Nilkamal has received approval for raising funds through issue of secured/unsecured, rated/unrated, listed/unlisted, non-convertible, redeemable, taxable debentures (NCDs) on a private placement basis for an amount up to Rs 200 crore. The Board of Directors of the company at its meeting held on May 14, 2024, inter alia, approved the same.
Nilkamal is amoung the world’s largest producer of moulded plastic furniture giving it an edge over competition.