The board of directors of Binani Cement, which met today, approved a proposal to raise $125 million via FCCBs/ADRs/GDRs.According to a release issued to the BSE today, the meeting also approved a proposal to increase the borrowing limit from Rs 1,000 crore to Rs 2,000 crore.An EGM of shareholders will be held on February 15 to approve the proposals, the release added.
