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Gayatri Proj to raise capital

Infrastructure Finance
August 1, 2014August 1, 2014
Gayatri Proj to raise capital
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The Board of Directors of Gayatri Projects Ltd has decided to double the authorised capital of the company, from Rs 40 crore to Rs 80 crore, to increase the borrowing power of the company and to raise additional funds. The companys board, at a meeting held recently, approved a move to seek shareholder nod through postal ballot on increasing its borrowing powers by raising security on company properties from Rs 7,000 crore to Rs 9,000 crore.

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