Board approves ₹300 Cr NCD issuance via private placement

The Board of Directors has given in-principle approval for the issuance of Non-Convertible Debentures (NCDs) totaling up to ₹300 Crores. These NCDs will be issued in one or more tranches/series through a Private Placement basis. The Fund-Raising Committee has been authorized to determine and finalize the specific terms and conditions for the issuance and allotment. Further disclosures, as per SEBI regulations, will be provided when the NCDs are actually issued and/or allotted. This move indicates the company's intent to raise capital through debt.