"The Board of Directors has approved the raising of funds by way of issuance of such number of equity shares having face value of Rs. 10 each of the Company and / or other eligible securities or any combination thereof (hereinafter referred to as the “Securities”), for an aggregate amount not exceeding Rs. 5,000 crores or an equivalent amount thereof by way of qualified institutions placement (“QIP”) or other permissible mode in one or more tranches and in accordance with the applicable laws, subject to the receipt of the necessary approvals including approval of the members of the Company and other regulatory / statutory approvals, as may be required," the company said in its press release.
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