{"id":433259,"date":"2021-09-01T08:29:59","date_gmt":"2021-09-01T02:59:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433259"},"modified":"2021-09-01T09:27:14","modified_gmt":"2021-09-01T03:57:14","slug":"rec-seeks-shareholders-nod-to-raise-up-to-rs-85k-cr-via-bonds-debentures","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-seeks-shareholders-nod-to-raise-up-to-rs-85k-cr-via-bonds-debentures\/","title":{"rendered":"REC seeks shareholders nod to raise up to Rs 85K cr via bonds, debentures"},"content":{"rendered":"<p>State-owned REC will seek shareholders&#8217; approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures next month.<\/p>\n<p>The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) to be held on September 24, 2021. <\/p>\n<p>&#8220;It is proposed to pass a special resolution to enable the company to raise funds through private placement of unsecured\/secured non-convertible bonds\/debentures up to Rs 85,000 crore, during a period of one year (from September 23, 2022),&#8221; the notice said. <\/p>\n<p>Further, it said the amount planned to be raised shall be within the overall revised borrowing limit, being proposed for approval by the shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned REC will seek shareholders&#8217; approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures next month. The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) to be held on September 24, 2021. &#8220;It is proposed to pass a special resolution to enable the company to raise funds through private placement of unsecured\/secured non-convertible bonds\/debentures up to Rs 85,000 crore, during a period of one year (from September 23, 2022),&#8221; the notice said. Further, it said the amount planned to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-433259","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433259","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=433259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}