Chennai: Pyramid Saimira Theatre Ltd has said that the members at the Extra Ordinary General Meeting (EGM) of the company held on March 14, have unanimously cleared raising additional funds via FCCB/GDR/ADR up to $400 million. The members also permitted to increase powers to the board to borrow more for mortgage, creation of charge or lien on the assets of the company up to Rs 2,500 crore from Rs 1,200 crore. Besides the EGM has permitted the company to enter into food and beverages business and given rights for the company to infuse additional amount up to Rs 300 crore in group companies.
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