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JSW Energy‘s board has provided the approval for raising funds up to Rs 750 crore through issuing redeemable non-convertible debentures by way of private placement.
The company has said in a BSE filing that the issue proceeds would be used for the general corporate purposes, business operations, working capital and repayment of existing debt.
“The board has approved the raising of funds up to Rs 750 crore through issuance of redeemable non-convertible debentures by way of private placement,” the filing said.
It further said that the board has also authorized the Finance Committee to decide on all matters relating to the proposed issuance of the debentures, including finalisation and approval of the detailed terms of issue.
