Gulf Oil seeks nod to raise funds

Gulf Oil Corporation will seek shareholders’ nod to pass a special resolution that will enable the company to raise up to ₹600 crore. The company’s annual general meeting slated to be held later this week will place the special resolution to mop up ₹600 crore either through an offer of foreign currency convertible bonds or qualified institutional placement or any other mechanism. It would also seek permission to list such securities in India and abroad. Our Bureau