BackSwan Energy gets shareholders’ nod to mop up `1,200 crore
The proposal to raise the funds was passed by a majority vote at the annual general meeting of the company held on Friday
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New Delhi: Swan Energy on Saturday got shareholders’ nod to raise ₹ 1,200 crore through qualified institutional placement (QIP), global depository receipts (GDRs), American depository receipts (ADRs) and foreign currency convertible bonds (FCCBs).
The proposal to raise the funds was passed by a majority vote at the annual general meeting of the company held on Friday, according to a BSE filing by Swan Energy. According to the statement, the shareholders also approved dividend at the rate of 15% for the year ended 31 March. Shareholders also adopted audited financial results (stand-alone and consolidated) for 2014-15 and reports of directors and auditors thereon. PTI
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