NEW DELHI: State-owned Power Finance Corporation NSE -1.03 % (PFC) will seek shareholders’ nod to hike borrowing limit to Rs 6 lakh crore in the annual general meeting later this month.
Currently, the borrowing limit is Rs 4 lakh crore.
According to an AGM notice by the company, considering the fund requirements of PFC over the next 3 to 4 years, the board on August 13 accorded approval for seeking shareholders’ nod for increasing the borrowing limit to Rs 6 lakh crore over and above aggregate paid up capital of the firm and its free reserves.
