Borrowing limit enhanced from Rs 15,000 Cr to Rs 20,000 Cr
REPCOHOME · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shareholders at the 26th AGM approved increasing Repco Home Finance's borrowing limit from Rs 15,000 Crores to Rs 20,000 Crores under Section 180(1)(c) of the Companies Act 2013. This gives the company additional headroom of Rs 5,000 Crores to raise funds for business operations and growth.
Higher borrowing capacity may support business growth but could increase leverage and interest costs going forward.