The company had earlier proposed to "make an offer of or invite subscription to secured/unsecured redeemable non- convertible debentures...For an aggregate amount not exceeding Rs 300 crore in one or more series/tranches on a private placement basis".
The nod for issuing NCDs was given by the shareholders at the Annual General Meeting held on September 29.
The company had tabled a special resolution to raise Rs 300 crore in its Annual General Meeting.
The special resolution is passed with requisite majority, the company said in a regulatory filing today.
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