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    HomeNewsBusinessCompaniesREC to seek shareholder nod on Sept 21 for raising Rs 50,000cr

    REC to seek shareholder nod on Sept 21 for raising Rs 50,000cr

    In a filing to the BSE, REC said the company can issue via private placement unsecured/secured non-convertible bonds/ debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.

    August 29, 2016 / 11:03 IST
       
       
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      State-run Rural Electrification Corporation (REC) said it will seek shareholder's nod on September 21 for raising Rs 50,000 crore through issue of non- convertible debentures.

      In a filing to the BSE, REC said the company can issue via private placement unsecured/secured non-convertible bonds/ debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.

      Earlier this month, the board of REC had cleared the fund raising plans.

      first published: Aug 29, 2016 08:28 am

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