MRPL shareholders approve fund raising of up to Rs 5,000 cr

NEW DELHI: Mangalore Refinery and Petrochemicals Limited (MRPL) on Friday said it has received shareholders’ nod to raise up to Rs 5,000 crore through debentures.

“…we inform that the shareholders in the 324 Annual General Meeting held on September 18, 2020 approved to raise funds upto Rs 5,000 crore through issue of unsecured non-convertible debentures (NCDs)/ Bonds, through a special resolution,” MRPL said in a regulatory filing.

Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent.