Vedanta shareholders approve hiking inter-corporate loan limit

Vedanta’s shareholders had through postal ballot approved a limit of Rs 60,000 crore for making loans, investments, guarantees and security in October 2014. Mining conglomerate Vedanta today said its shareholders have approved the proposal to raise its limit of inter-corporate loans to Rs 80,000 crore.
The firm led by billionaire Anil Agrawal had called for a postal ballot to seek approval from the shareholders.“The special resolution as proposed in the postal ballot notice dated Ap