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REC board okays proposal to increase borrowing to Rs 1.5 lakh cr for FY'24

REC Limited's Board of Directors has approved a proposal to increase borrowing to Rs 1.5 lakh crore from Rs 1.2 lakh crore for 2023-24, said the non-banking financial company in a regulatory filing to the stock exchanges on Thursday.At a meeting held on Thursday, REC's Board of Directors approved revision in its market borrowing programme under different debt segments with interchangeability among various instruments, including bonds/debentures, term loans, external commercial borrowing, commercial papers etc. on private/public placement basis from Rs 1,20,000 crore to Rs 1,50,000 crore for 2023-24, said the regulatory filing.The funds under the said revised market borrowing programme will be raised, from time to time, during the financial .....

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