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.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.
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