Jindal Stainless Ltd (JSL) on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through multiple financial instruments.
The board of directors of the company at its meeting on Wednesday approved raising funds up to Rs 5,000 crore or equivalent in any freely convertible foreign currency, an exchange filing by the company said.
The company looks to raise the amount by issue of debt securities including secured or unsecured non-convertible redeemable debentures or bonds or commercial paper or notes (listed/unlisted).