Mumbai, March 18 -- The fund raising avenue include qualified institutional placement (QIP) or any other permissible mode as per applicable laws, subject to requisite approvals, including those from shareholders and regulatory/statutory approvals, said the company.

In a regulatory filing, the company said, "The board of directors has approved raising of funds by way of issuance of such number of equity shares having face value of Rs 10 each of the company (equity shares) and / or other eligible securities or any combination thereof, for an aggregate amount not exceeding Rs 3,200 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible modes."

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