As expected rating agencies have put their NCDs on
Watch Negative.
Meanwhile board has okayed Fund raising for an amount not exceeding Rs. 1,500 Crores (Rupees Fifteen Hundred
Crores Only) by way of issue of Equity Shares of the Company (“Equity Shares”), on a
right basis (“Right Issue”) to its existing eligible shareholders.
Raising of funds through Issue of Non-convertible debentures on a private placement
basis upto Rs. 500 Crores (Rupees Five Hundred Crores)
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