The company in a regulatory filing said that the meeting of board of directors is scheduled to be held on March 30, 2017, inter alia, "to consider various modes of fund raising by way of preferential allotment of securities to different entities including the promoter(s)/promoter group entity(ies)".
Naveen Jindal-led JSPL had earlier said that it is exploring various options, including divestment, to reduce its debt of around Rs 46,000 crore.
"We will continue to reduce the (debt)... Some divestment has happened. Thrust is that we completely stop the spend right now. But it will happen progressively...The earning levels are gradually increasing so we would use them to cut on the debt," JSPL's Managing Director and CEO Ravi Uppal had said.
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