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Home STOCKS Havells India Ltd.: Havells India to elevate Rs 500 crore via issuance...

Havells India Ltd.: Havells India to elevate Rs 500 crore via issuance of commercial paper

NEW DELHI: Quick relocating electrical merchandise maker Havells India on Tuesday explained it will increase Rs 500 crore as a result of issuance of commercial paper.
The firm’s govt committee in its assembly on Tuesday permitted the issuance of industrial papers for an sum of Rs 500 crore, Havells India stated in a regulatory filing.
The commercial papers are proposed to be stated on the National Inventory Exchange of India, it included.
The corporation had reported a consolidated net profit of Rs 63.98 crore in the very first quarter finished June 30 as from Rs 177.23 crore in the exact same period of time final fiscal.
It experienced posted consolidated revenue from operations of Rs 1,483.40 crore in the 1st quarter as versus Rs 2,716.88 crore in the calendar year-ago time period.

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