State-owned power producer SJVN on Tuesday said its board has approved a proposal to raise up to Rs 2,000 crore via bonds or debentures.
"The Board of Directors approved the proposal of raising of funds through issue of unsecured/secured nonconvertible bonds/debentures through private placement, up to an amount of Rs 2,000 crore, in one or more tranches," a BSE filing said.
The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board, it added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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