Asahi India to borrow up to Rs 2,000cr

Saturday, March 17, 2007, 10:39 [IST]

New Delhi, Feb 23 (UNI) Country's largest glass company Asahi India Glass Ltd today said it is mulling to borrow up to Rs 2,000 crore from banks and other financial institutions.

The members of the company will decide upon the matter to borrow the money as and when needed by way of postal ballot.

The members will also consider amending the Objects Clause in its Memorandum of Association by inserting a new sub-clause to enable it to carry on the business of manufacturing and processing machineries and accessories, setting up and running of captive power plants.

The company has appointed Mr V K Chaudhary as scrutiniser for the purpose of conducting Postal Ballot process in a fair and transparent manner.

The postal ballot process will close on March 24.

UNI

Topics: BUSINESS-ASAHI INDIA-BORROWINGS

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