At meeting held on 22 March 2018
The Board of Rural Electrification Corporation at its meeting held on 22 March 2018 has approved the Market Borrowing Programme under different debt segments for the financial year 2018-19, for an amount of Rs. 60,000 crore. The funds under the above Market Borrowing Programme will actually be raised from time to time during the financial year 2018-19, with the approval of competent authority as per powers delegated in this regard, by the Board of Directors in the said Meeting.Further, the Board in the said Meeting also approved the proposal for raising funds through issue of Capital Gains Tax Exemption Bonds (Series XII) under Section 54EC of the Income Tax Act, 1961, on private placement basis for an amount of Rs. 1,000 crore with green shoe option to retain over subscription.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
