 "capex, expenditure, defence, funding, cash, capital, budget, crunch, liquidity, money")
The Kesoram Industries board on Thursday approved a fund raising plan of up to Rs 2,000 crore to primarily replace existing debt.
The company informed the stock exchanges that the board had empowered the "Fund Raising Committee" to decide and formulate details of fund raising.
The funds could be raised by way of equity, or debt instruments including non-convertible debentures, preference shares and also rights issue or preferential allotment or a combination.
P Radhakrishnan, whole-time director and chief financial officer, Kesoram, said this was an enabling resolution and the funds would be used predominantly to replace debt.
As on March
