Archive · 24 Jul 2025
Crompton Achieves Zero Debt with Final NCD Repayment
Crompton, a company that makes consumer products, has paid off all of its debt.
This debt was taken on to buy another company called Butterfly.
They paid the last bit of debt, about 300 crore rupees, and now have no debt at all.
This means they can use their money for other things like making new products and giving money back to the people who own the company.
The company's financial officer said that this shows the company is doing well and can handle challenges.
Crompton Greaves Consumer Electricals Ltd. fully repaid its Rs. 2,125 crore debt.
The final Rs. 300 crore NCD tranche repayment was completed.
Crompton now has a zero-debt and net cash positive status.
The debt was related to the acquisition of Butterfly Gandhimathi Appliances Ltd.
The company plans to invest in growth, innovation, and shareholder returns.
- Who
- Crompton Greaves Consumer Electricals Ltd.
- What
- Crompton Greaves Consumer Electricals Ltd. completed the repayment of its debt.
- When
- The final repayment was announced on July 24th.
- Where
- Mumbai, India.
- Why
- To reduce interest costs and invest in growth.
- Company
- Crompton Greaves Consumer Electricals Ltd.
- Debt Repaid
- Rs. 2,125 crore
- Final NCD Repayment
- Rs. 300 crore
- Debt Purpose
- Acquisition of Butterfly
- Financial Status
- Zero debt, net cash positive