Reliance Power gets shareholders’ nod to raise borrowing limit

Reliance Power gets shareholders’ nod to raise borrowing limit
28/09/2017 , by , in ALLIED

Reliance Power shareholders have approved a resolution to increase its borrowing limit to up to five times its paid up capital and free reserves.  Currently, the R-Power board was authorised to raise funds only up to three times the paid up capital and free reserves.  The special resolution to enable board of director to borrow funds (apart from temporary loans) up to five time of the paid up capital and free reserves was passed by the requite majority by shareholders in the annual general meeting of the company held yesterday, Reliance Power said in a BSE filing today.

About admin

Loading...