Crompton Greaves Consumer Electricals gains on raising Rs 325 crore on private placement basis

Crompton Greaves Consumer Electricals is currently trading at Rs. 368.95, up by 0.20 points or 0.05% from its previous closing of Rs. 368.75 on the BSE.

Crompton Greaves
Crompton Greaves

The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 371.25 and Rs. 365.35 respectively. So far 7261 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 512.05 on 16-Sep-2021 and a 52 week low of Rs. 312.05 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 373.00 and Rs. 352.35 respectively. The current market cap of the company is Rs. 23334.41 crore.

The promoters holding in the company stood at 5.94%, while Institutions and Non-Institutions held 82.39% and 11.67% respectively.

Crompton Greaves Consumer Electricals has raised Rs 325 crore on private placement basis. The Committee of Debentures of the Company on July 12, 2022 approved the allotment of 3,250 Secured Rated Listed Redeemable Non-Convertible Debenture (NCDs) of a face value of Rs 10,00,000 each aggregating up to Rs 325 crore on private placement basis.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.

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