Chennai, July 10 -- The Board of Directors of Wheels India has given its nod for raising funds to the tune of Rs 400 crore.
The Board at its meeting held today considered and approved the raising of the funds by way of issuance of equity shares of face value Rs 10 and/or equity linked instruments, including convertible preference shares, non-convertible debt instruments along with warrants, fully convertible debentures, partly convertible debentures, and/or any other securities convertible into equity shares or any combination of Securities, in one or more tranches, in the course of domestic offerings, in one or more foreign markets and/or domestic markets, through public and/or private offerings and/or rights offering and/or by way of pre...