The board of Sterling and Wilson Renewable Energy Ltd (SWREL) will meet on September 27 to consider a proposal to raise funds, the company informed the stock exchange today.
The company has said that the board will meet to consider and evaluate a proposal for raising funds by issuance of bonds or equity. It would consider any other securities such as preferential issue on a private placement basis, qualified institutions placement, rights issue or a combination of these, the notice said
