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    Aditya Birla Capital to raise up to Rs 3,500 cr via equity, debt instruments

    Synopsis

    ​​ The funds can be raised in one or more tranches by way of issuance of equity shares.

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    Following the board approval for raising of up to Rs 3,500 crore, the company will now seek shareholders' nod for the same, it added.
    NEW DELHI: Aditya Birla Capital Saturday said its board has approved raising funds up to Rs 3,500 crore through both equity and debt issuances.

    The funds can be raised in one or more tranches by way of issuance of equity shares and equity linked instruments, including convertible preference shares, non-convertible debt instruments along with warrants, debentures, and/or any other securities convertible into equity shares, global depository receipts, American depository receipts and foreign currency convertible bonds, the company said in a BSE filing.

    Following the board approval for raising of up to Rs 3,500 crore, the company will now seek shareholders' nod for the same, it added.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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