{"id":433395,"date":"2021-09-01T11:38:52","date_gmt":"2021-09-01T06:08:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433395"},"modified":"2021-09-01T11:39:12","modified_gmt":"2021-09-01T06:09:12","slug":"rec-to-seek-nod-for-rs-85000-crore-fundraise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-to-seek-nod-for-rs-85000-crore-fundraise\/","title":{"rendered":"REC to seek nod for Rs 85,000 crore fundraise"},"content":{"rendered":"<p>CHENNAI:  State-run power sector financier REC Ltd will seek the approval of its shareholders for a proposal to raise Rs 85,000 crore through an issue of non-convertible bonds or debentures at its annual general meeting to be held on September 24. <\/p>\n<p>According to the company, these funds will be raised on a private placement basis in one or more tranches over a period of one year. The amount to be raised will be within the overall revised borrowing limit that is being proposed for approval by shareholders, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: State-run power sector financier REC Ltd will seek the approval of its shareholders for a proposal to raise Rs 85,000 crore through an issue of non-convertible bonds or debentures at its annual general meeting to be held on September 24. According to the company, these funds will be raised on a private placement basis in one or more tranches over a period of one year. The amount to be raised will be within the overall revised borrowing limit that is being proposed for approval by shareholders, it added.<\/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":[130,243,143],"tags":[],"class_list":["post-433395","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433395","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=433395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}