Bajaj Electricals Limited Announces Allotment of Zero Coupon Unsecured Listed Redeemable Non Convertible Debentures
February 22, 2019 at 12:19 am EST
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Bajaj Electricals Limited announced that with reference to letter dated February 7, 2019 intimating the company's proposal to issue, Unsecured, Redeemable, Non-Convertible Debentures of face value INR 1 million each ("NCDs") aggregating INR 2,000 million, on a private placement basis, and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has, on February 21, 2019, allotted 1850 Zero Coupon Unsecured Listed Redeemable Non-Convertible Debentures of face value INR 1 million each ("NCDs") aggregating to INR 1,850 million.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.
BAJAJ ELECTRICALS LIMITED 
