Power Finance Corporation today said it will seek shareholders' nod to raise up to Rs 65,000 crore through issuance of securities on private placement basis.
State-owned Power Finance Corp (PFC), which is a one of the leading lenders to the power sector, has sought shareholders' nod at the 31st annual general meeting to be held on September 20.
A special resolution is listed for seeking approval 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," the company said in a filing to BSE.
PFC, an infrastructure finance company, is engaged in providing financial assistance to state power utilities for meeting the financing and development requirements of the power sector.
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