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Incorporated in 2020, Cellecor GadgetsLtd is in the business of selling consumer electronic products
Cellecor Gadgets' Finance Committee approved the partial conversion of its 2% Unsecured Foreign Currency Convertible Bonds (FCCBs). Following a conversion notice for USD 4,500,000, the company allotted 1,48,11,207 new equity shares at INR 29 each. This conversion increases the paid-up equity share capital to INR 23.71 Cr and reduces the...
Cellecor's Board approved a series of strategic moves for accelerated growth and strengthened governance: * **Main Board Migration:** The company is moving its listing from NSE Emerge to the Main Board of both NSE and BSE. This move is set to boost visibility, improve liquidity, and broaden the investor base,...
Cellecor Gadgets is significantly expanding its product portfolio, launching new Fire TVs, Steam Irons, and Choppers. They're also broadening washing machines, soundbars, and party speakers, targeting India's growing consumer durables market with affordable tech.
Cellecor Gadgets has made a significant investment of ~USD 29.02 million (~INR 275.52 Cr) into its wholly-owned subsidiary, Cellecor Gadgets Europe Limited. 🚀 **What's Happening:** This investment utilizes funds raised from Foreign Currency Convertible Bonds (FCCBs) to boost the company's international footprint. The European subsidiary will, in turn, invest in...
Cellecor Gadgets (#CELLECOR) has successfully closed its Foreign Currency Convertible Bonds (FCCBs) issue, which aimed to raise up to USD 33MN (approximately INR 300 Cr). These FCCBs carried a 2% coupon rate and were issued at a 12% discount. **The Issue:** Cellecor initiated an FCCB offering to raise capital. **Possible...