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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