Deepak Fertilisers and Petrochemicals today said it has secured shareholders' approval to raise up to Rs 500 crore by issuing non- convertible debentures on a private placement basis.
In a regulatory filing, the company said it has secured "approval to offer or invite subscriptions for secured redeemable non-convertible debentures, aggregating to Rs 250 crore with an option to raise additional amount up to Rs 250 crore as a green shoe option on a private placement basis".
The company received shareholders' approval through postal ballot and the same has been passed through requisite majority, according to the regulatory filing.
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