KPI Green Energy to raise Rs1,000 cr

New Delhi: KPI Green Energy on Monday said its board has approved a proposal to raise up to Rs1,000 crore through issuance of shares via qualified institutional placement. This is subject to approval from shareholders, according to a regulatory filing.

The board has approved the “raising of funds through the issuance of equity shares or any other equity-linked securities or other securities convertible into or exchangeable for shares by way of QIPs (including one or more qualified institutional placements in tranches) in one or more of the tranches for an aggregate amount up to Rs1,000 crore.”