📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Power Finance Corporation aims to raise funds of up to

    _____through a public offering of non-convertible debentures (NCDs) in which the base issue size is set at Rs 500 crore.
    A Rs.4100 crore Correct Answer Incorrect Answer
    B Rs.4500 crore Correct Answer Incorrect Answer
    C Rs.5000 crore Correct Answer Incorrect Answer
    D Rs.5200 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      Power Finance Corporation aims to raise funds of up to Rs 5,000 crore through a public offering of non-convertible debentures (NCDs).   The NCDs are divided into three maturity options of three years, 10 years, and 15 years. The base issue size is set at Rs 500 crore, and there is a green shoe option that allows for an additional Rs 4,500 crore, bringing the total fundraising to Rs 5,000 crore, which is well within the permissible shelf limit of Rs 10,000 crore.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question