A decision in this regard will be taken in the board meeting scheduled on November 2, the company said in a regulatory filing.
The board meeting would "consider the issue of non- convertible debentures (NCDs) aggregating to Rs 250 crores on private placement basis subject to shareholders' approval," Deepak Fertilisers said.
The fresh issue of NCDs is basically to replace the existing debt, it said.
In 2013, the company had raised Rs 350 crore through private placement of NCDs and the last instalment will be repaid in January 2018, it added.
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