Plastic and Textiles firm Sintex Industries plans to raise Rs 1,000 crore from the market by issuing non-convertible debentures/bonds on a private placement basis.
The board of the company is meeting on July 28, 2016 to consider issue of unsecured/secured redeemable non-convertible debentures/bonds "aggregating up to Rs 1,000 crore on private placement basis, in one or more tranches," Sintex informed BSE.
However, it would be "subject to, amongst other things, requisite sanctions and approvals, including approval of the shareholders at the ensuing annual general meeting and any other approvals required", it added.
Besides, the board would also consider to issue equity shares to the existing shareholders of the company through rights issue.
