PFC to seek shareholders nod to raise Rs 60,000 cr

Psu Connect Date:

NEW DELHI . Power Finance Corporation (PFC) will seek the shareholders` approval for raising up to Rs 60,000 crore through issue of securities. PFC is a one of the leading lenders to the power sector. The company proposes "... to raise funds up to Rs 60,000 crore through issue of bonds/debentures/notes/debt securities or private placement basis in India and/or outside India,". The approval for raising funds will be sought from shareholders in the Annual General

Meeting to be held on September 24, the company said in a regulatory filing.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : NMDC Director (Finance) Role Remains Vacant After PESB Review

Note*: All the articles and given information on this page are information based and provided by other sources . For more read Terms & Conditions