REC board approves raising ₹1.55 lakh crore via bonds
Rural Electrification Corporation (REC), a state-owned firm, informed investors through an exchange filing today that its Board of Directors has approved a proposal to raise funds through the private placement of unsecured/secured non-convertible bonds/debentures of up to ₹1,55,000 crore, subject to shareholders’ approval at the ensuing Annual General Meeting. The company said the funds will…