The company's board today approved and recommended for approval by shareholders through postal ballot to raise an amount not exceeding Rs 100 crore through issue of equity shares, convertible bonds/debentures through QIP and/or depository receipts and/or any other modes, Greenply Industries said in a BSE filing.
It has also constituted a 'QIP Committee' of the board of directors for this purpose, it added.
Greenply Industries has four manufacturing facilities for plywood and one facility for Medium-density Fibreboard (MDF) in the country. It has presence in over 300 cities across 21 states.
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