India: HeidelbergCement gets shareholders nod to raise up to INR20bn

India: HeidelbergCement gets shareholders nod to raise up to INR20bn
Published: 13 June 2013

Tagged Under: India HeidelbergCement 

HeidelbergCement said its shareholders have accorded approval for raising funds up to INR20bn (US$340m) through borrowings.

The shareholders had approved the proposal at its annual general meeting that took place on 16 May, HeidelbergCement said in a BSE filing.

Shareholders have delegated to Board the authority "for borrowing from time to time, as it may think fit, any sum or sums of money not exceeding INR20,000m on such security and on such terms and conditions as the Board may deem fit, including the borrowings in foreign currency equivalent to INR20,000m through External Commercial Borrowings (ECBs)."





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