At meeting held on 30 November 2017
The Board of Ashapura Intimates Fashion transacted the following -Approved increase in borrowing limits of the Company from Rs 300 crore to Rs 500 crore.
Raising of funds through issue of ADRs/ GDRs/ FCCBs up to Rs 250 crore and delegation of powers for the said purpose to the allotment committee.
Issue of commercial paper up to Rs 50 crore on private placement basis and delegation of powers for the said purpose to the allotment committee.
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