{"id":372452,"date":"2020-09-08T11:20:24","date_gmt":"2020-09-08T05:50:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372452"},"modified":"2020-09-08T11:20:24","modified_gmt":"2020-09-08T05:50:24","slug":"pfc-to-seek-shareholders-nod-to-raise-borrowing-limit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-to-seek-shareholders-nod-to-raise-borrowing-limit\/","title":{"rendered":"PFC to seek shareholders&#8217; nod to raise borrowing limit"},"content":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation NSE -1.03 % (PFC) will seek shareholders&#8217; nod to hike borrowing limit to Rs 6 lakh crore in the annual general meeting later this month.<\/p>\n<p>Currently, the borrowing limit is Rs 4 lakh crore.<\/p>\n<p>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&#8217; 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation NSE -1.03 % (PFC) will seek shareholders&#8217; 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&#8217; 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.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-372452","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372452"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372452\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}