Board of Bajaj Electricals approves raising up to Rs 500 cr via NCDs/ CPs

At meeting held on 14 May 2024

The Board of Bajaj Electricals at its meeting held on 14 May 2024 has approved a proposal to obtain an enabling approval of shareholders, at their forthcoming 85th AGM, to borrow funds from time to time (if required) by way of issuance of unsecured non-convertible debentures and/or commercial papers, upto an amount not exceeding Rs.500 crore to the eligible investors on a private placement basis, in one or more tranches, considering the prevailing money market conditions at the time of borrowing.

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