New Delhi: The development comes after the Supreme Court’s September 1 verdict on the Adjusted Gross Revenue (AGR) issue, wherein the top court gave a 10-year timeline to the telecom companies to repay their dues, with an upfront payment of 10 per cent by March 31, 2021.
In a regulatory filing, the company said its board has approved raising of funds through issue of equity shares or securities convertible into equity shares, GDR, ADR, foreign currency convertible bonds, convertible debentures, warrants, composite issue of non-convertible debentures and warrants entitling the warrant holders to apply for equity shares, or a combination thereof, up to an aggregate amount of Rs 15,000 crore by way of a public issue, preferential allotment, private placement, qualified institutions placement, or through other permissible mode in one or more tranches.
Further, it also plans to raise funds through “issuance of unsecured and/or secured, non-convertible debentures up to an aggregate amount of Rs 15,000 crore, by way of public offering or private placement basis or otherwise, in one or more tranches”.
