The Board, slated to meet on May 27, would consider raising resources by issuing "Non-Convertible Debentures along with warrants and/or convertible securities other than warrants, convertible into equity shares to eligible Qualified Institutional Buyers (QIB) in one or more tranches," it said in a BSE filing.
NCDs are a secured debt instrument and offer high returns with moderate risk. They cannot be converted into shares.
JSW Steel did not give further details.
The company may also issue ADRs, GDRs, FCCBS and/or any other convertible instrument in the international capital market, it added.
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