"The company proposes to issue 2,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 200 crore (plus greenshoe option), on private placement basis," it said in a regulatory filing.
In a green shoe option, the company can retain any amount of over-subscription.
The decision to raise the amount was taken at the company's annual general meeting held in September last year.
Shares of the company closed 1.68 per cent up at Rs 705.90 on BSE.