Heidelberg India gets shareholders

Heidelberg Cement India announced that its shareholders have approved its plans to raise up to Rs 12 billion. This will be via debt and will be secured against the assets of the company.

Heidelberg had sought approval of shareholders for both fund-raising and securing of its loans via a postal ballot, which was passed unanimously.

Heidelberg Cement India is a subsidiary of Cementrum IBV ( a company incorporated under the laws of Netherlands, which is 100% controlled by Heidelberg Cement AG).

From China Cement (2010-5-12)