Max Ventures & Industries has received its shareholders’ approval to borrow up to Rs 300 crore. The authorisation was given to the company at its first annual general meeting which was held on September 27. The company’s shareholders also gave approval to create mortgage or charge over the assets of the company under the Companies Act, 2013.
Max Ventures & Industries was formed as one of the resultant entities following the demerger of the erstwhile Max India in January 2016.