Giving notice of its AGM to be held on September 21, REC said in a stock exchange filing that it can issue via private placement unsecured/secured non-convertible bonds/debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.
"Consent of the Company be and is hereby accorded to raise funds through private placement of unsecured/secured non-convertible bonds/debentures upto 50,000 crore during a period of one year from the date of passing of this resolution, in one or more tranches," the filing said.
The REC board had, earlier this month, cleared the company's fund raising plans.
