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Power Finance Corporation Ltd. - Announcement under Regulation 30 (LODR)-Raising of Funds

| Updated on July 30, 2019 Published on July 30, 2019

In continuation of our earlier letter dated July 24, 2019, we would like to inform you that, the Board of Directors of Power Finance Corporation Ltd. (PFC) in its meeting held today i.e. on July 30, 2019 have inter-alia approved the proposal for seeking approval of shareholders in the ensuing AGM, under section 42 of Companies Act 2013, read with rule 14(2) of Companies (Prospectus and Allotment of Securities), Rule 2018 for raising of resources to the extent of ?70,000 crores by way of private placement through issuance of bonds/ debentures/ notes/ debt securities from domestic & international markets, during a period of one year from the date of ensuing AGM to be held on 27th August, 2019.

The funds will actually be raised from time to time, during a period of one year from the date of passing of resolution by the shareholders in the ensuing AGM, with the approval of competent authority as per powers delegated in this regard, by the Board of Directors.

Pdf Link: Power Finance Corporation Ltd. - Announcement under Regulation 30 (LODR)-Raising of Funds

Source : BSE - www.bseindia.com

Published on July 30, 2019
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