Power Finance Corporation (PFC) will seek its shareholders approval to raise Rs 65,000 crore through issuance of debt securities on private placement basis in India or abroad at its annual general meeting on September 11, 2018.
The proposal to raise funds up to Rs 65,000 crore through issue of Bonds/Debentures/notes/debt securities on Private Placement basis in India and/or outside India is listed on the agenda of AGM on September 11, 2018, a BSE filing said.
According to statement, the shareholders will also consider proposal of scheme of arrangement for Amalgamation of PFC Green Energy Limited (Transferor Company) with Power Finance Corporation Limited (Transferee Company) and their respective shareholders and creditors. Read More
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