Ravindra Energy’s board has approved issuance of Fully / Partly / Optionally, Convertible Debentures (secured or unsecured), on preferential basis to such willing investors, including the promoters and others, up to the limit of Rs 60 crore, in one or more tranches, at a rate of interest that will be determined by the Board of Directors, based on the market conditions from time to time. The Board of Directors of the company at its meeting held on February 20, 2021 has considered and approved the same.
Ravindra Energy seeks to create a leading position in the provision of solar energy utilising the unique characteristics of solar PV generation. The company will provide innovative solutions based around technology and finance to existing and new power consumers to facilitate the growth of solar PV.
