Crompton Greaves management at its meeting held today i.e. June 13, 2022 has approved following proposals.
Considered the proposal to modify the Company’s debt profile and approved the following:
- The buyback of rated, listed commercial paper aggregating to an amount of up to Rs. 600 Crores
- To raise long term funds by way of issuance of secured, rated, listed, redeemable non-convertible debentures on private placement basis up to Rs. 925 Crores, subject to the borrowing limits of the Company as approved by the shareholders
Crompton Greaves to raise up to Rs 925 crores via NCDs