REC gets shareholders' nod to hike overall borrowing limit to Rs 6 lakhs
Fri, Sep 8, 2023 8:26 PM

REC gets shareholders' nod to hike overall borrowing limit to Rs 6 lakhs

A Flip by Bhavya Sabharwal
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REC Ltd's 54th AGM was held on Wednesday. Shareholders approved a resolution to increase the company's borrowing limit from Rs 4.5 lakh crore to Rs 6 lakh crore. Other resolutions passed at the AGM included raising funds through private placement of unsecured/secured non-convertible bonds/debentures up to Rs 1,05,000 crore in one or more tranches until Sept 5, 2024.  

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