Polycab India clears way for extended borrowing by subsidiary; stock jumps 2%
Shares of Polycab India rose nearly 2% in early trading on August 23. The electrical equipment maker has sent a letter of comfort to HDFC Bank regarding its loan facility upgrade from Rs 52 crore to Rs 89.97 crore for its subsidiary Tirupati Reels. The subsidiary will use working capital and capital expenditure to meet …
Polycab India clears way for extended borrowing by subsidiary; stock jumps 2% Read More »