Power Finance to pay 10 per cent; borrow Rs100,000 crore
11 Oct 2007
1
Mumbai:
Power Finance Corporation will pay an interim dividend of 14.07 per cent and declared
a final dividend of 10 per cent for 2006-07, the company informed the BSE.
The
AGM also authorised the board of PFC to borrow up to Rs1,00,000 crore or in any
foreign currency equivalent to $4,000 million and mortgage and/or charge all or
any of
the movable and/or immovable properties, both current and future, or the whole
or substantia lly the whole of the undertaking or the undertakings of the company
for the purpose, PFC added.
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