The shareholders have given approval through postal ballot, Torrent Pharma said in a filing to BSE.
They have also given nod for "issuance of unsecured / secured redeemable non-convertible debentures / bonds by way of private placement for an amount not exceeding Rs 12,500 crore," it added.
They have cleared the resolution for issuance of equity shares including convertible bonds / debentures through qualified institutional placement (QIP) and / or depository receipts or any other mode for an amount not exceeding Rs 5,000 crore, Torrent Pharma said.
Shares of Torrent Pharmaceuticals today closed at Rs 1,332.95 per scrip on BSE, down 2.65 per cent from the previous close.
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