Hatsun Agro Products has received approval from its board, to raise funds up to Rs.900 crore, in a meeting held yesterday on December 6.

Funds will be raised by issuing securities, to the existing shareholders of the company on a right basis and the board has also constituted a rights issue committee for the same.

Further, the committee is given the authority to decide the terms and conditions of the rights issue including the nature of security, issue size, issue price, timing of the issue, rights entitlement ratio, record date and all other matters which are related and incidental to the rights issue, in consultation with the lead manager to the rights issue.

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