At meeting held on 24 April 2018
The Board of IDFC Bank at its meeting held on 24 April 2018 passed an enabling resolution for borrowing/raising long term funds by issue of Redeemable Non-Convertible Debentures or other Debt Instruments incl. Perpetual Debt Instruments (part of Additional Tier I Capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing), on PP basis, up to an amt. not exceeding Rs. 5,000 cr., in one or more tranches, in domestic/ overseas market, over a period of 1 year, within the overall borrowing limit of Rs. 1,50,000 crore as approved by the Shareholders of the Bank. The aforesaid shall be subject to the approval of the Shareholders at the ensuing AGM and any other regulatory approvals as may be applicable.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
