Subros Raises INR 500 Million on Private Placement Basis
August 23, 2017 at 06:30 am EDT
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Subros has raised funds by way of allotment of 500 Rated, Listed, Secured, Redeemable NCDs of face value of INR 1,000,000. Subros has raised an amount of INR 500 million by way of allotment of 500 Rated, Listed, Secured, Redeemable Non-Convertible Debentures (NCDs) of face value of INR 1,000,000 on private placement basis. The said allotment of NCDs has been duly approved by the Debenture Committee of the Board of Directors on August 22, 2017. The NCDs will be listed on the Wholesale Debt Market segment of BSE.
Subros Limited is an India-based manufacturer of thermal products for automotive applications. The Company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete air conditioning (AC) loop and caters to all segments, such as passenger vehicles, buses, trucks, refrigeration transport and railways. Its car AC and engine cooling parts products include blower, evaporator, cooling module, and hoses and tubes. Its railway AC products include roof mounted driver cab AC for diesel automotive, driver cab AC electric automotive and EMU cab AC. The Company's transport refrigeration system products include reefer SL 1400, reefer SL 3500, evaporator unit SL 3500, reefer SL 500 and compressor. It has a range of residential air conditioners, such as window AC and split AC system (inverter and fixed speed range) and supplies these products as original equipment manufacturer (OEM)/original design manufacturer (ODM) to various brands in the market.
SUBROS LIMITED 
