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Construction firm to raise FII limit

CONSTRUCTION COMPANY Madhucon Projects Limited has decided to increase the limit of investment by Foreign Institutional Investors (FIIs) to 40 per cent.

Approval

The company informed the Bombay Stock Exchange that the AGM held recently approved the proposal to raise the FII limit to 40 per cent.

A borrowing limit of up to Rs 2,000 crore and an investment limit of up to Rs. 500 crore were also approved by the shareholders at the meeting, the company said.

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