Patel Engg shareholders cap borrowing limit at Rs 1,500 cr
Press Trust of India / Mumbai Aug 24, 2009, 16:47 IST
Construction company Patel Engineering today said its shareholders have capped the borrowing limit of the company at Rs 1,500 crore.
In a filing to the Bombay Stock Exchange (BSE), Patel Engineering said the shareholders have approved that the overall limit for loans, investments, guarantees and securities to be made or given by the board shall not exceed the limit of Rs 1,500 crore.