SECTOR
Centum Electronics gets nod to raise upto Rs 250 crore
Nov-12-2024

Centum Electronics has received approval for raising of funds upto Rs 250 crore, through issuance of equity shares or any other equity linked instruments or securities including convertible preference shares, and / or bonds including foreign currency convertible bonds / debentures / non-convertible debt instruments along with warrants / convertible debentures / securities and / or any other equity based instruments, inter alia, a private placement or through one or more qualified institutions placement (QIP) and / or further public issue of equity and / or rights issue and / or through any other permissible mode in accordance with the relevant provisions of applicable law, subject to approval from the shareholders of the Company and the receipt of statutory / regulatory and other approvals. The Board of Directors of the company at their meeting held on November 12, 2024 has approved the same.

Centum Electronics is basically engaged in designing and manufacturing of advanced electronics systems, subsystems, and components.


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