India, Nov. 22 -- The Government of India has issued a release:
Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, convened its Annual General Meeting and endorsed a forward-looking roadmap to strengthen the maritime financing ecosystem of the country. The Board approved an overall borrowing limit of Rs.25,000 crore, with Rs.8,000 crore earmarked for the current financial year. To meet this requirement, SMFCL will mobilise funds through leading banks, financial institutions and bond issuances in accordance with its resource mobilisation plan, enabling the Corporation to commence lending operations shortly.
SMFCL is currently in discussions with major financial rating agenc...