"Board of Directors of the Company at its meeting held on January 24, 2014, has accorded approval for raising of funds through issue of Foreign Currency Convertible Bonds and/ or other securities up to an amount of Rs 2,500 crore through follow on offer, further public offer and/or private placement etc," the company said in a filing to the BSE.
The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 per cent rise in finance costs.
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