Corporate News     08-Nov-23
Board of Voltas approves raising up to Rs 500 cr via Rupee term loan
At meeting held on 08 November 2023
The Board of Voltas at its meeting held on 08 November 2023 has approved the proposal of availing of an unsecured Rupee Term Loan from a Bank up to an amount of Rs 500 crore instead of raising funds through NCDs.

The Rupee Term Loan would be utilised for capital expenditure of the Company for its new manufacturing plant at Chennai and Waghodia in Gujarat. Accordingly, the proposal for issue of NCDs is withdrawn for the time being.

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