Sterling and Wilson Renewable Energy has received approval for raising of funds by way of issuance of equity shares, global depository receipts, depository receipts, foreign currency convertible bonds, fully/ partly convertible debentures, non- convertible debentures, and/or any other financial instruments convertible into equity shares (including warrants) or a combination of any of the securities (Securities) mentioned above in one or more tranches through one or more public and/ or private offerings including by way of qualified institutions placement or any combination thereof or any other method as may be permitted under applicable laws to eligible investors for an aggregate amount not exceeding Rs 1500 crore in one or more tranches. The Board of Directors of the Company (Board) at its meeting held on September 27, 2023 inter alia considered and approved the same.
Sterling and Wilson Renewable Energy is engaged in the business of construction and maintenance of power plants. The company's products and services range include Contract activities and Operation Services.
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