The shareholders of Vedanta have provided their approval for the proposal to raise its limit of inter-corporate loans to Rs 80,000 crore.

The firm had called for a postal ballot to seek approval from shareholders.

It has said in a regulatory filing that “The special resolution as proposed in the postal ballot notice dated April 28, 2016 is passed with requisite majority.”

The company was seeking approval to raise the limit of inter-corporate loans, investments and guarantees and security in connection with loans from Rs 60,000 crore to Rs 80,000 crore.

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