State-run Power Finance Corporation (PFC) has received approval of shareholders to raise up to Rs 60,000 crore through issue of securities.
PFC is a one of the leading lenders to the power sector.
The company had earlier said that it proposed to raise Rs 60,000 crore through issue of bonds, debentures, notes, debt securities or private placement basis in India and or outside the country.
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.
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