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Board of Shriram EPC allots equity shares under CDR scheme

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At meeting held on 26 June 2015

announced that the Board of Directors of the Company at its meeting held on 26 June 2015, has discussed and approved the following:-

1. Allotment of 2,29,26,016 equity shares of face value of Rs. 10 each (with a premium of Rs. 22.98 each) of the Company to CDR Lenders ON CONVERSION OF FUNDED INTEREST TERM LOAN (FITL), on preferential basis pursuant to corporate debt restructuring scheme.

2. Allotment of 22983770 equity shares of face value of Rs. 10 each (with a premium of Rs. 30.05 each) of the Company to CDR Lenders on conversion of funded interest term loan (FITL), on preferential basis pursuant to corporate debt restructuring scheme

3. Allotment of 10507836 equity shares of face value of Rs. 10 each (with a premium of Rs. 27.02 each) of the Company to the Promoter - Shriram Industrial Holdings, on preferential basis

4. Approval for obtaining of the Consent of the Shareholders through the process of Postal Ballot Under Section 110 and Section 102 of the Companies Act, 2013 and appointment of Scrutiniser for the Postal Ballot.

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First Published: Fri, June 26 2015. 19:05 IST
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