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Hyderabad, Sept. 28

The shareholders of Gulf Oil Corporation Ltd at the annual general meeting on Wednesday have approved the proposal to raise funds of $100 million by issue of global depository receipts (GDR) or American depository receipts (ADR) or foreign currency convertible bonds (FCCB). The company has informed the stock exchanges that the members have also approved the appointment of Deloitte Haskins & Sells as auditors and Mr M.S. Ramachandran as director.

(This article was published in the Business Line print edition dated September 29, 2006)
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