KSK Energy Ventures today said it would seek approval from its shareholders for raising Rs 2,000 crore through issue of securities to qualified institutional buyers (QIBs).
The company seeks the approval for the raising of funds through postal ballot, for which last date has been fixed as September 2, KSK Energy said in a filing to the Bombay Stock Exchange (BSE).
The power project development and investment firm plans to raise Rs 2,000 crore through the issue of securities including shares and debentures, on a private placement basis to QIBs.
Shares of KSK Energy today closed at Rs 189.80, up 0.45 per cent from its previous close on the BSE.
