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Edelweiss Financial Services said that the company has obtained shareholders' approval to borrow up to Rs 10,000 crore and secure repayments.
The board of directors has also been authorised to offer loans to any person or corporates and provide guarantee, besides subscribing, purchasing the securities of any corporate up to Rs 10,000 crore.
The board has also been authorised to issue non-convertible debentures of up to Rs 1,000 crore on private placement, besides enabling SEBI-registered FIIs to acquire and hold, on their own account and approved sub-accounts, equity shares of the company to a maximum of 40 per cent of the total paid-up share capital.
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