Under SDR mechanism
Diamond Power Infrastructure announced that on 18 January 2017, the joint lenders forum approved the conversion of debts aggregating Rs 855 crore into equity shares as per pricing formula under SDR guidelines of RBI at Rs 41.28 per share considering cut off date as on 29 June 2016. The Company's Committee of Board of Directors will meet on 24 January 2017 for allotment of shares to various lenders in their agreed proportion.Powered by Capital Market - Live News
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