Hitachi Energy India seeks shareholders' nod to increase borrowing limit

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Hitachi Energy India seeks shareholders' nod to increase borrowing limit - Business Standard

Quick Summary:

Given the likely increase in business opportunities and new orders in the near future, the Board of Directors at their Meeting held on January 29, 2025, has provided their approval and recommended the same to the shareholders to increase the existing limit to Rs 11,500 crores by enhancing the non-fund based limit by Rs 5,000 crores.

The company's current borrowing limit is Rs 6,500 crore -- Rs 5,000 crore towards non-fund based and Rs 1,500 crore towards fund-based limits from its bankers/financial Institutions or from anyone, it said in an exchange filing.

Hitachi Energy India on Thursday said it has sought shareholders' approval to raise its borrowing limit to Rs 11,500 crore.