 "AC, air conditioner, air")
Air conditioning and commercial refrigeration products maker Blue Star on Thursday said it will raise Rs 300 crore through issuing non-convertible debentures (NCDs) to meet its capital expenditure and other expenses after the lockdown.
The nationwide lockdown has impacted the company's cash flow and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing.
The company's board in a meeting has "approved issuance of NCDs up to Rs 500 crore through private placement on such terms and conditions to be agreed with the eligible investors", it added.
Based
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