Kalpataru seeks shareholders’ nod to raise borrowing limit to ₹12,000-cr
Kalpataru Power Transmission Ltd (KPTL) said on Thursday that it has got shareholders’ approval to raise the borrowing limit to ₹12,000 crore from the existing ₹10,000 crore.
A resolution in this regard was approved by the majority of shareholders at the company’s annual general meeting (AGM) on July 30, according to a BSE filing by the KPTL.
The company had proposed that the board be authorised to create charge, mortgage and hypothecation on the company’s properties for securing borrowing of a sum not exceeding ₹12,000 crore over and above the company’s paid-up share capital, free reserves and securities premium.
