Crompton Greaves Consumer board to mull fund raising on 13 June

Image
Capital Market
Last Updated : Jun 09 2022 | 11:04 AM IST
Sign up for the Race/Related Newsletter join a deep and provocative exploration of race identity and society with New York Times journalists. Get it sent to your inbox.

Crompton Greaves Consumer Electricals on Wednesday announced that its board will meet on 13 June 2022, to consider a proposal to raise upto Rs 925 crore via debt securities.

The company's board will consider issuing debt securities, including but not limited to secured/unsecured, rated, listed, redeemable non-convertible debentures on private placement basis.

Crompton Greaves Consumer Electricals is India's market leader in the category of fans and residential pumps. It makes water heaters, anti-dust fans, antibacterial LED bulbs and a range of other categories like air coolers, food processors like mixer grinders, electric kettles and garment care like irons.

The company's consolidated net profit jumped 29.1% to Rs 176.55 crore on a 1.7% increase in sales to Rs 1,547.92 crore in Q4 FY22 over Q4 FY21.

Shares of Crompton Greaves Consumer Electricals rose 0.26% to Rs 352.15 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 09 2022 | 10:13 AM IST

Next Story