HeidelbergCement gets approval to raise funds

HeidelbergCement gets approval to raise funds
Published: 12 May 2010

HeidelbergCement India announced that its shareholders have approved its plans to raise up to INR12bn. This will be via debt and will be secured against the assets of the company.

Heidelberg had sought approval of shareholders for both fund-raising and securing of its loans via a postal ballot, which was passed unanimously.