Power Finance Corporation (PFC) saw a shift in its shares after an initial positive start on January 5. The company’s decision to increase its market borrowing programme to Rs 1.05 lakh crore influenced this reversal.
Insights into the Revised Borrowing Programme
Originally set at Rs 80,000 crore for the current financial year, the revised borrowing programme involves diverse debt segments like bonds, debentures, term loans, and external commercial borrowings. These borrowings may occur through public or private placement.
Strategic Borrowing Implementation Details
The company clarified that funds under the adjusted market borrowing programme would be raised periodically during the financial year 2023-24. This process requires approval from the competent authority, as delegated by the Board of Directors.