Network18 gets shareholder nod to raise up to Rs 1000 crore

MUMBAI: Network18 Media & Investment’s shareholders have approved a proposal to raise up to Rs 1,000 crore.

In its annual general meeting held on 28 September, the company has put forth special resolution for the same.

The shareholders have now approved the proposal to raise funds via issuance of non-convertible debentures (NCDs), foreign currency convertible bonds and/or bond with share warrants in one or more tranches.