REC gets shareholders’ nod to raise up to Rs 85,000 cr via bonds, debentures
New Delhi: State-owned REC NSE 5.51 % has got shareholders’ approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures. “All resolutions as set out in the Notice of 52nd AGM of the company have been duly approved & passed by the shareholders with requisite majority,” a BSE filing said on Monday.
The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) held on September 24, 2021.
