Bajaj Electricals gets nod to raise Rs 500 crore through NCDs
19th Jun 2020

Bajaj Electricals has received approval for raising funds by issuance of Non-Convertible Redeemable Debentures (NCDs), unsecured or secured, or Commercial Papers, upto an amount not exceeding Rs 500 crore to the eligible investors on a private placement basis, in one or more tranches, subject to approval of shareholders of the Company by way of a Special Resolution.

The meeting of Board of directors of the company held on June 19, 2020 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.