State-run Power Finance Corporation (PFC) will seek the shareholders' approval for raising up to Rs 60,000 crore through issue of securities.
PFC is a one of the leading lenders to the power sector.
The company proposes "... To raise funds up to Rs 60,000 crore through issue of bonds/debentures/notes/debt securities or private placement basis in India and/or outside India,".
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The approval for raising funds will be sought from shareholders in the Annual General Meeting to be held on September 24, the company said in a regulatory filing.
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.
Government's five per cent stake sale in power sector lender PFC recently was lapped up by investors, fetching about Rs 1,600 crore to the exchequer.
