The funds will be raised from issuance of Convertible Warrants not exceeding Rs 325 crore including premium to promoters. In addition to this equity shares or equity linked securities or a combination thereof will be issued in the domestic and/or international offerings and/or Qualified Institutional Placements (QIP) for a value of up to Rs 500 crore, including premium.
The company expects to get the approval of the shareholders in an extra ordinary general meeting.
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