Latest News | SJVN Plans to Raise Up to Rs 2,000 Cr Via Bonds, Debentures
Get latest articles and stories on Latest News at LatestLY. 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.
New Delhi, Jan 12 (PTI) 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.
(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)