Sterlite Technologies has received an approval for issue of Non-Convertible Debentures (NCDs) of up to Rs 1000 crore. The Board of Directors of the Company at their meeting held on April 23, 2019, approved the same.
The Board has also given approval for raising of funds, inter alia, by issue of equity shares, any financial instruments and/or security convertible into-equity shares, combination such securities by way of one or more public and/or private offerings, qualified institutions placement and/or preferential allotment basis and/or rights offering or any combination thereof or any other method in accordance with the provisions of applicable laws, for an aggregate consideration of up to Rs 1000 crore.
Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.