Swan Energy board approves proposal to raise up to Rs 4000 crore

Swan Energy Limited has announced that the board of directors of the company has approved the proposal to raise up to Rs 4000 crore through issuance of instruments or security including equity shares or one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering. The decision was made during the board meeting held on December 28,2023.

Swan Energy Limited will constitute a Fund-Raising Committee comprising of the board of directors of the company to deal with all matters pertaining to the proposed fund raising, it said in a statement.