The shareholders of Mangalore Refinery and Petrochemicals Ltd (MRPL) have given approval to raise funds through non-convertible debentures (NCDs)/bonds.
The company informed the stock exchanges that the 32nd annual general meeting of the shareholders of MRPL, which was held on September 18, approved to raise funds up to ₹5,000 crore through issue of unsecured NCDs/ bonds.
On Friday, the scrip of MRPL closed at ₹28.85 on BSE, down 0.86 per cent, against the previous close of ₹29.10.