Cellecor Gadgets to raise Rs 10.20 crore via NCDs
Meanwhile, electronics device company Cellecor Gadgets, which sells products in its own brand, launched M Series smartwatches.
Homegrown electronic manufacturer Cellecor Gadgets has said that its board of directors has approved raising of Rs 10.20 crore by issuing 1020 secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs).
"The board considered, approved and taken on record the issuance of Unlisted, Secured, Redeemable, Partly Paid, Non-Convertible Debentures (NCDs) under Private Placement basis up to Rs. 10,20,00,000 (Rupees Ten Crores and Twenty Lakhs only)," the company said in an exchange filing.
Tenure of the instrument - date of allotment and date of maturity are mentioned below.
Date of Allotment- Deemed to be held on 18.01.2024.
Date of Maturity- 13 Months from the date of allotment.
Interest offer
A fixed coupon of 16 per cent (Sixteen Point Zero per cent) per annum, payable monthly.
Meanwhile, electronics device company Cellecor Gadgets, which sells products in its own brand, launched M Series smartwatches.
The smartwatch features a retina AMOLED display along with a health suite, wellness companion, and others. These smartwatches have been priced between Rs 1,200 to Rs 3,500.
The company has also launched a range of products including a 50-inch Smart TV, ZPDQC 24W Charger, headphones, feature phones and others.
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02:47 PM IST