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Max Ventures and Industries which is a part of the USD 2-billion Max Group, has got shareholders approval to borrow up to Rs 300 crore.
The authorisation has been given to the company at its first annual general meeting.
The company has said at the AGM that the business was transacted for “authorisation to the board of directors for borrowing up to an amount not exceeding Rs 300 crore.”
It said in a regulatory filing that the authorisation was also given to create mortgage or charge over the assets of the company under the Companies Act 2013.
