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Varun Beverages has sought shareholders approval for raising Rs 1,000 crore through issuance of non-convertible debentures (NCDs).
Varun Beverages has said in a regulatory filing that the company that has been listed on BSE in November last year, has plans to raise the amount in one or more tranches.
It said that the “Shareholders approval is being sought in the aforesaid 22nd AGM for further fund raising by way of debt issue and the shareholders are requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secure/unsecured Non-Convertible Debentures aggregating to Rs 1,000 crore.”
