Gulf Oil to raise Rs 459.17 crore from intl mkts
Gulf Oil Corporation Ltd on Thursday said it has got shareholders approval for raising Rs 459.17 crore (100 million dollars) through Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or otherwise.
By PTI |
MUMBAI: Gulf Oil Corporation Ltd on Thursday said it has got shareholders approval for raising Rs 459.17 crore (100 million dollars) through Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or otherwise.
The shareholders at the AGM on Wednesday, also approved the appointment M S Ramachandran as Director, the company informed the Bombay Stock Exchange.
The board of directors at its meeting on Wednesday appointed Vinod K Dasari and Ashok Kini as additional directors, it added.
The company said I N Chatterjee has resigned as its Director.
The shares of the company were trading at Rs 1198 up 1.8 per cent on the BSE.
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