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 filing on the BSE by Swan Energy.
According to the statement, the shareholders also approved dividend at the rate of 15 per cent - Rs 0.15 per share - for the year ended March 31, 2015.
Shareholders also adopted audited financial results (standalone and consolidated) for 2014-15 and reports of directors and auditors thereon.
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