FMCG firm Bajaj Corp has plans to raise Rs1,000 crore from market by issuing equity shares and securities. The company has plans to raise the amount ‘in one or more tranches up to an amount not exceeding Rs1,000 crore’.
The resolution will enable the firm to raise funds by "issue of equity shares and/or any other financial instruments, convertible into Equity Shares through QIP under SEBI ICDR Regulations and/or through issuance of securities in the international markets by way of GDRs/ADRs/FCCBs etc,” the company said. The company will seek shareholders’ approval for the fund raising proposal at its annual general meeting to be held on July 18.