Sunedison Infrastructure has received an approval for the issuance of further securities up to an aggregate amount of Rs 500 crore, in one or more tranches and in form(s), modes and means, by way of private placement or preferential issue or public issue or rights issue or qualified institutional placement or through any other permissible mode and/or combination thereof, including by way of issue of equity shares/ preference shares/ bonds/ debentures/ non-convertible debt instruments/ warrants/ any other securities, subject to approval from the shareholders in the ensuing annual general meeting and sanctions/approvals from the other regulatory/ governmental authorities, as may be required. The Board of Directors of the company, at its meeting held on August 10, 2022 has approved the same.
Sunedison Infrastructure is engaged in the processing, sale and export of marine products.
