REC Ltd will seek shareholders' approval to raise up to Rs 75,000 crore through issuance of bonds next week. The funds are proposed to be raised through issuance of debentures on private placement basis during a period of one year from the date of passing of the resolution, in one or more tranches, as per the AGM notice. The limit of Rs 75,000 crore shall be within the overall revised borrowing limit. The annual general meeting (AGM) of shareholders is scheduled for September 16, 2022. REC will also seek shareholders' approval to authorize the board to mortgage/create charge on immovable and/or movable properties of the company, for securing loan up to Rs 4,50,000 crore.
45th Reliance AGM Meeting 2022: Reliance(RIL) will partner with Meta, Microsoft, Google and Intel for the next-generation technology. 5G will roll out in India by Diwali 2022. Read to know everything
Tycoon's three children, Akash, Isha and Anant, to lead separate business
'First-ever end-to-end shopping experience' on messaging platform, says Mark Zuckerberg
Chairman Mukesh Ambani also announces new gigafactory for power electronics, RIL set up India's first Carbon Fibre plant at Hazira with a capacity of 20,000 tonnes a year
Company may spell out plans for retail and telecommunication businesses in the meeting
Seeks approval for revision in remuneration payable to Marico's cost auditors
In a letter to administrator of Srei Equipment Finance, Haribhakti cited RBI guidelines for the appointment of statutory central auditors /statutory auditors of commercial banks
LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd
Chairman Deepak Satwalekar tells investors at AGM that the firm's network penetration and brand strength saw its decorative business deliver 31% growth by volume and 36% by value in FY22
Tells investors at AGM that Indian steel industry is globally competitive and companies should be able to expand capacity in value-added products for both, Make in India and Make for The World
Experts expect the firm to make further announcements in green energy
Dish TV India Ltd said it will challenge the Sebi order in the Securities Appellate Tribunal, wherein Sebi had directed Dish TV to disclose the results of its AGM held on December 30, within 24 hours
MCA has said that its circular should not be construed as conferring any extension of time for holding annual general meetings by the companies under the Companies Act, 2013.
On November 29, Dish TV had postponed its AGM for a month after getting regulatory approval from the Registrar of Companies, Mumbai
Dish TV is facing a notice from Yes Bank to remove its Managing Director Jawahar Goel and four other directors from the board
Companies will get an additional time of two months beyond September to conduct their annual general meetings for the fiscal year ended March 2021
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IT firm Bharatiya Global Infomedia will seek shareholders approval to enhance the borrowing limit to up to Rs 150 crore for at its annual general meeting to be held on September 30
Online meeting is scheduled to take place on Sept 14