The company will issue Listed, Rated, Secured/Unsecured, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis.
These NCDs can be issued in one or more tranches/series within the borrowing limits approved by the shareholders subject to such statutory and regulatory approvals as may be necessary under applicable laws, said the company in a regulatory filing.
The company further stated that the Board has also authorized the Management Committee of the Board of Directors of the Company to take necessary steps in this regard, including finalization of the terms of issuance of NCDs.
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