State-owned Power Finance Corporation (PFC) has received shareholders’ approval to issue bonus shares by capitalising up to Rs 660.02 crore in its securities premium account.
“All business items proposed for the 37th AGM of the company have been approved with requisite majority,” a BSE filing said.
The PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a new equity share of Rs 10 each for every four equity shares of Rs 10 each.
The proposal was listed for the annual general meeting (AGM) held on September 12.
