Maruti Securities seeks EGM approval for borrowing Rs.100 Crores

Maruti Securities Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members Company will be held on November 15, 2006 to borrow money from time to time upto a limit not exceeding Rs 100 Crores notwithstanding that the monies to be borrowed together with money already borrowed by the company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and its reserves that is to say Reserves not set apart for any specific purpose, subject to the necessary provisions & approvals.

Source : Equity Bulls

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