DID POWER FINANCE COMPANY RECEIVED SHARE HOLDERS APPROVAL : EXPLAINED IN DETAIL ?

DID POWER FINANCE COMPANY RECEIVED SHARE HOLDERS APPROVAL : EXPLAINED IN DETAIL ?

PFC is occupied with giving budgetary help to control utilities for meeting financing and improvement necessities of the force area.

PFC has gotten investors’ endorsement to expand its getting cutoff to Rs six lakh crore from existing Rs four lakh crore.

As indicated by an AGM notice by the organization, considering the store prerequisites of PFC throughout the following 3 to 4 years, the board on August 13 agreed endorsement for looking for investors’ gesture for expanding as far as possible to Rs 6 lakh crore well beyond total settled up capital of the firm and its free holds

According to the notification, an exceptional goal was proposed for expanding as far as possible in the yearly broad meeting(AGM) booked on September 29.

Investors had endorsed a getting breaking point of Rs 4 lakh crore in the 30th AGM hung on August 19, 2016.

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