Crompton Greaves Consumer Electricals has successfully completed the final tranche of its Non-Convertible Debentures (NCD) repayment with principal amounting to Rs 300 crore. This milestone marks the full repayment of the total debt of Rs 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances (Butterfly), a 75% subsidiary
The repayment effort has involved settling all five scheduled tranches, reinforcing the company’s strategy to minimize debt and thereby significantly reduce interest costs. As a result, the Company can channel more resources into future growth initiatives, innovation, and shareholder returns.
Crompton Greaves Consumer Electricals is India’s market leader in fans, number one player in residential pumps and has leading market positions in its other product categories.
