The Board of Directors of the Company have subject to the approval of the shareholders approved issue of secured/ unsecured redeemable taxable/tax-free cumulative/non-cumulative non-convertible debentures (Bonds/NCDs) up to Rs.12 000 Crore in one or more tranches/series not exceeding 12 (twelve) through private placement in domestic market during the period commencing from the date of passing of Special Resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2023-24 whichever is earlier.