Board of GAIL India approves borrowings up to Rs 25000 cr

19 Aug 2022 , 01:31 AM

The Board of GAIL India at its meeting held on 17 August 2022 has approved to borrow monies together with the money already borrowed by the Company upto the limit of sum equivalent to Rs25000 crore in one or more tranches from time to time by way of – -Rupee Term loan borrowing facility upto the limit of Rs25000 crore and or – Foreign currency Term loan bond note external commercial borrowing borrowing facility upto the limit of USD 3125 Billion or its equivalent in other currencies including foreign currency denominated as well as Rupee denominated masala bond note or loan as may be permitted by the Reserve Bank of India or any other regulatory authority from eligible lenders and or – Issue of Rupee denominated listed unlisted secured unsecured I non-convertible redeemable cumulative non-cumulative taxable tax free debentures bonds including but not limited to green bonds zero coupon market linked debentures fixed or floating coupon rates index linked interest rate swap options with without the same being embedded in the debentures or bonds or any other structures or features in the domestic market Debentures upto the limit of Rs25000 crore including green shoe option by way of private placement under the Companies Act 2013