Crompton Greaves rises on completing final tranche of NCD repayment of Rs 300 crore
Crompton Greaves Consumer Electricals is currently trading at Rs. 341.90, up by 5.75 points or 1.71% from its previous closing of Rs. 336.15 on the BSE.
The scrip opened at Rs. 337.15 and has touched a high and low of Rs. 342.80 and Rs. 335.00 respectively. So far 106720 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 483.65 on 02-Sep-2024 and a 52 week low of Rs. 303.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 352.35 and Rs. 333.05 respectively. The current market cap of the company is Rs. 22016.55 crore.
The Institutions and Non-Institutions held 88.13% and 11.87% stake in the company respectively.
Crompton Greaves Consumer Electricals has successfully completed the final tranche of its Non-Convertible Debentures (NCD) repayment with principal amounting to Rs 300 crore. This milestone marks the full repayment of the total debt of Rs 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances (Butterfly), a 75% subsidiary
The repayment effort has involved settling all five scheduled tranches, reinforcing the company’s strategy to minimize debt and thereby significantly reduce interest costs. As a result, the Company can channel more resources into future growth initiatives, innovation, and shareholder returns.
Crompton Greaves Consumer Electricals is India’s market leader in fans, number one player in residential pumps and has leading market positions in its other product categories.
