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Anant Raj to raise borrowing limit 15 times to Rs 1,500 cr

Written by: Staff
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New Delhi, Dec 5 (UNI) Delhi-based real estate company Anant Raj Industries today said its shareholders have approved raising of the company's borrowing limit to Rs 1,500 crore from the present Rs 100 crore.

The company will also increase the investment limit of Foreign Institutional Investors (FIIs) in its share capital from 24 per cent to 40 per cent, after receiving approval of the members through postal ballot.

The members also approved investing of over Rs 34 lakh by way of purchase of entire paid up capital of the twenty companies including -- Anant Raj Hotels Ltd, Oriental Meadows Ltd and Pasupati Aluminium Ltd.

UNI CS SP DS1417

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