The company will seek the shareholders' approval through postal ballot for raising $200 million by private placement of equity shares with institutional investors by way of a domestic offering of equity shares or equity shares through depository receipts or convertible bonds or other securities convertible into equity shares, in one or more tranches, it informed the Bombay Stock Exchange.
The shareholders will also consider the issue of bonus shares of the company in the proportion of three equity shares for every two existing equity shares held.
The company will seek shareholder approval for investment in the company by Foreign Institutional Investors up to an aggregate limit of 40 per cent of the paid-up equity share capital of the company, it said.
Also for borrowing, on behalf of the company for its business purposes up to Rs 2,500 crore (Rs 25 billion), it added.