Sesa Goa Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting of the Company held on October 20th 2009 inter alia have unanimously passed two resolutions as set out in the Notice dated September 24th 2009 approving raising of funds upto INR 6000 crores in the form of Foreign Currency Convertible Bonds, Qualified Institutional Placements to Qualified institutional bidders, American depository receipts, Global depository receipts, non convertible debentures, warrants or any other security as per the statutory regulations prevailing at the time when the transaction is entered into, under Sections 81(1A), 293(1)(a) of the Companies Act 1956 and empowering the Board to borrow monies not exceeding INR 6000 crores in terms of Section 293 (1)(d) of the Companies Act 1956.
http://www.steelguru.com/news/index/2009/10/21/MTE2OTkw/Sesa_Goa_EGM_outcomes.html
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