Sterling And Wilson Renewable Energy: 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.
Sterling and Wilson Renewable Energy Ltd (SWREL) has announced that its board will meet on September 27 to discuss raising funds through the issuance of bonds or equity. The company is considering options such as preferential issue, qualified institutions placement, rights issue, or a combination thereof. SWREL aims to become a debt-free company and improve its valuation through this fundraising.