Latest News | IFCI Shareholders Approve Raising Up to Rs 1,000 Cr

New Delhi, Dec 22 (PTI) Infrastructure term lender IFCI Ltd on Thursday said its shareholders have okayed a proposal to raise up to Rs 1,000 crore through bonds and other instruments.

The resolution was passed at the company's annual general meeting (AGM) held on Thursday.

Also Read | COVID-19: Over 6 in 10 Indians Avoiding Coronavirus Vaccine’s Booster Shot Due to Heart Attack Fears, Says Report.

The shareholders authorised the board of directors to raise funds, including via bonds and non-convertible debentures, through private placement in one or more tranches, up to the amount of Rs 1,000 crore, IFCI said in a regulatory filing.

The authorisation is valid for one year from the date of passing of the resolution, it added.

Also Read | COVID-19 Outbreak: Mandatory Coronavirus Sampling Tests for All International Passengers if Necessary, Says Mansukh Mandaviya.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)