REC seeks shareholders’ nod to raise up to Rs 75,000 cr via bonds
The limit of Rs 75,000 crore shall be within the overall revised borrowing limit.The annual general meeting (AGM) of shareholders is scheduled for September 16, 2022.REC will also seek shareholders’ approval to authorize the board to mortgage/create charge on immovable and/or movable properties of the company, for securing loan up to Rs 4,50,000 crore.
