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REC LTD - Raising Of Funds Through Issue Of Unsecured/Secured Non-Convertible Bonds/Debentures Through Private Placement.

Updated on: Jul 04, 2019

In compliance with the provisions of Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that the Board of Directors of REC Limited, in its Meeting scheduled to be held on July 10, 2019, will inter-alia consider a proposal for raising of funds through issue of unsecured/secured non-convertible bonds/debentures through Private Placement, upto an amount of Rs. 75,000 crore, in one or more tranches, subject to approval of shareholders in this regard in the ensuing Annual General Meeting (AGM) of the Company. 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 in the said Meeting.

Pdf Link: REC LTD - Raising Of Funds Through Issue Of Unsecured/Secured Non-Convertible Bonds/Debentures Through Private Placement.

Source : BSE - www.bseindia.com

Published on July 04, 2019

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