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Aditya Birla Capital looks to raise Rs 3,500 crores through equity, debt issuances

PW Bureau

Now that the company has got a nod from its board, it will seek permission from its shareholders for the same, Aditya Birla Capital said

New Delhi: Aditya Birla Capital said that it has got an approval from its board for raising funds up to Rs 3,500 crores via both equity and debt issuances.

In a filing to the Bombay Stock Exchange (BSE), the company said, “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.”

Now that the company has got a nod from its board, it will seek permission from its shareholders for the same, the document said.