Tulip Telecom?s shareholders have given the company the green signal to raise up to Rs 10 billion through issuance of long-term capital, including qualified institutional placements (QIP).
The shareholders have also approved issuing and alloting upto 21.87 million convertible warrants into an equal number of fully paid equity shares to promoters of the company for cash at a price of Rs 156 per equity share, aggregating to Rs 3.41 billion.
