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Essar Shipping Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 23, 2008, have approved the following by way of Special Resolutions:

1. Issue, offer and allotment of equity shares, FCCBs, GDRs etc., upto an aggregate amount not exceeding US$ 1 billion in terms of the resolution at item No. 1 of the notice of the EGM.

2. Change of name of the Company to Essar Ports & Logistics Ltd.

3. Ratification / enhancement of the loans / guarantee limits upto US$ 100,000,000.

Tags: Essar Shipping

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