KPI Green Energy Limited (BSE:542323) said its board has approved a proposal to raise up to INR 10.00 billion through issuance of shares via qualified institutional placement. This is subject to approval from shareholders, according to a regulatory filing. The board has approved the "raising of funds through the issuance of equity shares or any other equity-linked securities or other securities convertible into or exchangeable for shares by way of QIPs (including one or more qualified institutional placements in tranches) in one or more of the tranches for an aggregate amount up to INR 10.00 billion".