Latest News | IND Renewable Energy Board Approves Rs 26 Cr Fundraising Plan

New Delhi, Jun 14 (PTI) IND Renewable Energy Ltd on Wednesday said it is planning to raise Rs 26 crore through a rights issue.

A decision in this regard was taken at a meeting of its board members, IND Renewable Energy Ltd said in a regulatory statement.

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"This is in modification of our earlier communication where we had conveyed the proposal approved by the board to raise the fund up to Rs 15,00,00,000. We wish to inform you that the Board of Directors of the company at their meeting held today i.e. June 14, 2023, have, in principle, considered and approved the proposal to raise the fund up to Rs 26,00,00,000 by way of right issue," it said.

The terms of the issue will be decided by the board later, the statement said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)