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In a bid to clean up election funding, the government had in January introduced electoral bonds that can be bought from specified branches of State Bank of India and used to donate money to political parties. Photo: iStockphoto
In a bid to clean up election funding, the government had in January introduced electoral bonds that can be bought from specified branches of State Bank of India and used to donate money to political parties. Photo: iStockphoto

SJVN plans to raise up to 2,000 crore via bonds, debentures

The Board of Directors approved the proposal of raising of funds through issue of unsecured/secured nonconvertible bonds/debentures through private placement, up to an amount of 2,000 crore, in one or more tranches, SJVN said in a BSE filing

NEW DELHI : State-owned power producer SJVN on Tuesday said its board has approved a proposal to raise up to 2,000 crore via bonds or debentures.

"The Board of Directors approved the proposal of raising of funds through issue of unsecured/secured nonconvertible bonds/debentures through private placement, up to an amount of 2,000 crore, in one or more tranches," a BSE filing said.

The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board, it added.

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