REC seeks shareholders nod to raise borrowing limit to Rs 3.5 lakh cr

"The projected level of borrowing during 2018-19 is likely to exceed the presently approved limit. Therefore, the consent of the Members is sought for increasing the borrowing limit from Rs 200,000 crore to Rs 3,50,000 crore to cover further requirement of borrowing," the notice for AGM on September 25 stated.

from Moneycontrol Business News https://ift.tt/2C2Wql4