Crompton Greaves Consumer Council to hold fundraiser on June 13

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

The Company’s Board of Directors will consider issuing debt securities, including but not limited to, secured/unsecured, rated, listed, redeemable and non-convertible debentures on a private placement basis .

Crompton Greaves Consumer Electricals is India’s market leader in the residential fan and pump category. It manufactures water heaters, dust-proof fans, anti-bacterial LED bulbs and a range of other categories like air coolers, food processors like blender 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 compared to Q4 FY21.

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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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