Generator manufacturer Birla Power Solutions today said it will raise Rs 100 crore by issue of equity shares, from the domestic and international markets.
The company's board has approved to raise Rs 100 crore by issue of securities or shares convertible into equity shares, Birla Power Solutions said in a filing to the Bombay Stock Exchange.
Further, the board has also approved to increase the authorised share capital to Rs 100 crore from Rs 65 crore, by issuing 35 crore additional equity shares of Re 1 face value each.
Shares of Birla Power Solutions today settled at Rs 4.23, down 1.17 per cent on the BSE.