"... The Board of Directors at their meeting held today, have given the consent to raise funds through issue of Non-Convertible Debentures, not exceeding Rs 300 crore on private placement basis, proposed to be listed in one or more stock exchanges", the city-based company said in a BSE filing.
"The proceeds of Debenture issued are meant to augment long term resources for financing the company's working capital requirements, capital expenditure or for general corporate purposes", it added.
Shares of the company today ended 3.08 per cent down at Rs 149.55 apiece on BSE.
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