Mumbai, June 29 -- These include a qualified institutions placement (QIP), preferential issue, issuance of convertible share warrants, public or private offerings of equity shares, or other convertible securities, subject to shareholder and regulatory approvals.

The company clarified that the approval is intended to facilitate preparatory activities, including the appointment of merchant bankers and other intermediaries.

The final structure of the issue, including the mode of fundraising, issue size, pricing, timing, objects of the issue and utilisation of proceeds, will be approved separately by the board and audit committee before the launch.

The board also approved a proposal to enhance the company's borrowing limit to Rs 600 crore ...