REC Ltd will seek shareholders’ approval to raise up to Rs 75,000 crore through issuance of bonds next week.
The funds are proposed to be raised through issuance of debentures on private placement basis during a period of one year from the date of passing of the resolution, in one or more tranches, as per the AGM notice.
The limit of Rs 75,000 crore shall be within the overall revised borrowing limit.
The annual general meeting (AGM) of shareholders is scheduled for September 16, 2022.
