As many as 99.99 per cent of shareholders, at the company's annual general meeting in Mumbai on December 14, voted in favour of a resolution moved for raising borrowing limit, CG Power said in a regulatory filing on Tuesday.
Along with Mathur, Pankaj Kalra, the chief financial officer of Cairn India, which is now a part of Vedanta Ltd after its merger with the parent, has also resigned, sources privy to the development said.
Cairn India Chief Executive Mayank Ashar has quit the job, the third CEO to resign from the company ever since it was taken over by billionaire Anil Agarwal-led Vedanta Group four-and-a-half-years back
"Cairn India Holdings Ltd (CIHL), an overseas subsidiary of Cairn India Ltd, has decided to extend maturity of the loan of USD 1.25 billion, which was given for a term of two years in May, 2014, to THL Zinc Ltd (TZL), an overseas subsidiary of Vedanta Ltd, for a further period of two years," the company said in a filing to the stock exchanges.
Vedanta Group firm THL Zinc Ltd has sought a rollover of a controversial USD 1.25 billion loan taken from the conglomerate's cash-rich oil explorer Cairn India in July 2014.
Cairn India today said it has appointed Sudhir Mathur as Chief Financial Officer (CFO) & member of the company's Executive Committee.