Power Grid Corporation of India Ltd (PGCIL) has got shareholders’ approval to raise up to Rs 10,000 crore via bonds on a private placement basis in 2021-22.
All resolutions as set out in the notice of 31st Annual General Meeting held on September 22 have been duly approved by the shareholders with requisite majority, a BSE filing said on Thursday.
The company had proposed a special resolution in the AGM to raise up to Rs 10,000 crore from the domestic market in the financial year 2021-22.
The funds were proposed to be raised through issuance of secured or unsecured, non-convertible, non-cumulative or cumulative, redeemable, taxable or tax-free debentures or bonds under private placement in up to 20 tranches/offers.
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