Idfc Limited - Announcement Under Regulation 30 - Update

| Updated on May 24, 2019 Published on May 24, 2019

The Board of Directors (the Board) of IDFC Limited (the Company) at its meeting held today i.e. May 24, 2019 has inter alia considered the following:

The Board granted its approval for borrowing of funds from time to time through issuance of Non-Convertible Debentures and Commercial Papers on Private Placement basis under Section 42 of the Companies Act, 2013 and the Rules made thereunder and as per guidelines on Private Placement by NBFCs, as issued by the Reserve Bank of India, an amount not exceeding Rs. 500 crore (Five Hundred crore only) which is within the overall borrowing limit of Rs. 10,000 crore. The aforesaid borrowing shall be subject to the approval of the Shareholders at the ensuing Annual General Meeting and any other regulatory approvals as may be applicable.

The Board Meeting commenced at 12.15 p.m. and concluded at 5:00 p.m.

Kindly take note of the same.

Pdf Link: Idfc Limited - Announcement Under Regulation 30 - Update

Source : BSE - www.bseindia.com

Published on May 24, 2019
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