Aditya Birla Capital has received approval from its board for raising funds up to Rs 3,500 crore through both equity and debt issuance. The company seeks shareholders’ nod for the same.
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.
Aditya Birla Capital is one of the largest financial services players in India.
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