JSW Steel will be seeking shareholders approval for raising up to RS 10,000 crore through various financial instruments.

The proposal is going to be taken up during the company’s annual general meeting to be held on June 29.

As per the notice sent to shareholders, JSW Steel would seek approval “for making offer(s) or invitations to subscribe to secure/unsecured redeemable non-convertible debentures in one ore more tranches, aggregating up to Rs 10,000 crore during the financial year 2017-18.”

The company would be utilising the proceeds towards capital expenditure, refinancing of existing loans and other activities.

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