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BSE SENSEX
73,651.35
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Corporate Announcement
Security Code
532810
Company
POWER FINANCE CORPORATION LTD.
Exchange Received Time
21/03/2023 17:49:59
Exchange Disseminated Time
21/03/2023 17:50:00
Time Taken
00:00:01
Outcome Of Board Meeting- Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. |
3/21/2023 5:50:00 PM
In continuation of our earlier communication dated 16.03.2023, we would like to inform you that, the Board of Directors of PFC in its meeting held today i.e. 21.03.2023 have inter-alia approved the following proposal: I. Raising of resources for the Financial Year 2023-24 through Bonds, Term loans, Commercial Paper (CP) etc. from domestic & international markets. The Company may borrow upto Rs. 80,000 crore in the FY 2023-24 excluding funds raised under Extra Budgetary Resource (EBR), subject to the borrowing limit as approved by the shareholders under section 180(1)(c) and in accordance with section 179(3)(c) & 179(3)(d) of the Companies Act, 2013. Chairman & Managing Director, on the recommendation of Director (Finance), has been authorized to interchange the amount amongst different sources of borrowing plan during a financial year within the overall limit approved by the Board of Directors u/s 179(3)(c) and 179(3)(d) of the Companies Act 2013.
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