Epic Research : CESC Update

CESC has received its board’s approval to raise $150 million through private placement. The company may raise the money through equity shares, fully convertible debentures, partly convertible debentures, non-convertible debentures with warrants or any other securities (collectively referred to as QIP securities) “on a private placement basis”. The company’s board gave the approval for the same at its meeting held on September 22, 2014.

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