CSL Finance (NSE:CSLFINANCE, BOM:530067) has received board approval to raise up to 1.50 billion Indian rupees through the issue of non-convertible debentures on a private placement basis, according to a Wednesday filing to the Indian stock exchanges.
The company plans to issue various types of debentures in one or more tranches, details of which will be decided by the board.
The debentures are proposed to be listed on the BSE.
The company's shares are up nearly 1% in recent trade.
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