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| Exchange Disseminated Time 27/10/2016 14:02:59 | Bajaj Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2016, inter alia, has approved a proposal to seek approval of shareholders by postal ballot for raising of funds by issue of non-convertible debentures or such other securities as a part of the proposed increase in overall borrowing limits of the Board, pursuant to Section 180(1)(c) of the Companies Act, 2013, from Rs. 50,000 crore to Rs. 75,000 crore.
If so approved by the shareholders, the non-convertible debentures will be issued on terms including, rate of interest, tenor, security etc. as per the letter of offer(s) / information memorandum(s) as may be issued from time to time.
The meeting commenced at 12 noon and concluded at 1.45 p.m. |
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