Omaxe gets shareholders approval to raise Rs 600 crore

Real estate firm Omaxe has got shareholders approval to raise additional funds of Rs 600 crore. At the annual general meeting of the company on Friday, shareholders approved "raising of additional long term funds up to Rs 600 crore through further issuance of securities in the company by one or more public or private offerings by way of public issue, rights issue, preferential allotment including qualified institutions placement," the company said in a filing with the Bombay Stock Exchange.