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Swan Energy gets shareholders' nod to raise Rs 1,200 cr

Press Trust of India  |  New Delhi 

Swan Energy today said it has recieved shareholders' approval to raise Rs 1,200 crore through issuance of equity shares or securities like Foreign Currency Convertible Bonds (FCCB).

The special resolution to raise Rs 1,200 crore by the company was approved by the shareholders in the annual general meeting held on September 21, 2016, the company said in filing.

According to the statement, shareholders also approved dividend at the rate of 5 per cent for every equity share with a face value of Rupee one each on 22,11,80,000 shares, amounting to Rs 1,10,59,000 for 2015-16.

The shareholders also adopted audited financial for the year ended on March 31, 2016 along with reports of board and auditors.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 12:48 IST