ABB India has informed that the Board of Directors of the Company at its meeting held on July 02, 2015, approved the proposal to raise money to the extent of Rs. 600 crore by way of issuance of Unsecured Listed Redeemable Non-Convertible Debentures on Private Placement basis to investors on such terms and conditions as may be decided by the Board. The issuance would be subject to the approval of the shareholders by way of a special resolution through postal ballot.
The above information is a part of company’s filings submitted to BSE.
