SWELECT Energy Systems plans to raise INR 138 crore by issuing 1,385 non-convertible debentures (NCDs) worth INR 10 lakh each, offering a 9.5% interest rate over 12.5 years. The funds will strengthen its financial position. The company also approved converting INR 40 crore in loans into preference shares for its subsidiary and plans to create four new subsidiaries to develop Solar Power Projects.
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