Bajaj Electricals to raise Rs 600 crore through various means
22nd May 2019

Bajaj Electricals has received approval to raise funds for an aggregate amount of upto Rs 600 crore through issuance of equity shares or any other equity linked instruments or securities, including convertible preference shares/ fully partly convertible debentures or by way of a composite issue of Non-Convertible Debentures and warrants entitling the warrant holders to apply for equity shares, issue of global depository receipts, American depository receipts, foreign currency convertible bonds ,or any other eligible securities through inter alia, a qualified institutions placement, private placement/ further public issue of equity/ debt securities, rights issue, preferential issue or through any other permissible mode. The Board of Directors of the Company at its meeting held on May 22, 2019 has approved the same.

Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.