Crompton Greaves Consumer Gets Shareholders' Nod To Raise Rs 700 Crore

New Delhi: Crompton Greaves Consumer Electrical Ltd (CGCEL) on Monday said its shareholders have approved raising of up to Rs 700 crore through non-convertible debentures (NCDs). The shareholders approved the resolution with requisite majority at its annual general meeting held on June 6, to issue NCDs of up to Rs 700 crore in one or more tranches in a one-year period, CGCEL said in a regulatory filing.  Its shareholders have appro...