Board of V-Guard Industries approves investment of Rs 100 cr in subsidiary

At meeting held on 30 July 2021

The Board of V-Guard Industries at its meeting held on 30 July 2021 has decided to invest Rs 100 crore in a phased manner in its wholly owned subsidiary - V-Guard Consumer Products. The Board has also decided to extend corporate guarantee to VCPL for availing of credit facilities for a limit not exceeding Rs 50 crore from financial institutions / banks to meet its operational requirements.

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