This is with reference to the approval granted by the Board of Directors of the Company at their meeting held on 25th April 2016 to raise funds by way of issuance of non-convertible debentures (NCDs); foreign currency loan or rupee term loan or in any other manner in one or more tranches.
Accordingly pursuant to the above the Company is considering a proposal to raise funds by issuance of 2 500 rated listed non-convertible redeemable unsecured NCDs of Rs. 10 00 000/- each aggregating to Rs. 250 crores (rupees two hundred fifty crores only) on private placement basis including the terms and conditions of the issue on or after 22nd November 2019.
The above is for your information please.
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