Essar Ports gets shareholders’ nod to raise up to $1 bn / تین نیوز

-TIN news: Private sector port operator Essar Ports (EPL) today said shareholders have approved its proposal to raise up to $1 billion through securities from domestic and international markets to fund expansion plans. One of the country’s largest port operators, EPL plans to increase its cargo handling capacity from 104 million tonnes per annum (MTPA), at present, to 194 MTPA. The firm in a regulatory filing said shareholders have approved the “…issue of further shares, GDRs, ADRs, FCCBs, bonds, etc, in domestic and foreign markets for an amount not exceeding $1 billion.” Essar Ports has four