Schneider Electric Infrastructure seeks shareholders’ nod to raise borrowing limit to Rs 9 billion

Schneider Electric Infrastructure is seeking shareholders’ approval to raise its total borrowing limit to Rs 9 billion from the current Rs 5.50 billion via postal ballots. The approval is being sought with an objective to have a scope for restructuring the financing avenues between external banks and intercompany loans with a headroom for future requirements to support business operations and working capital.