On conversion of outstanding loan and interest
Gammon India announced that on 10 June 2016 has allotted 4,124,496 equity shares of face value of Rs 2 each at a price of Rs 11.89 per share aggregating to Rs 4.90 crore to DBS Bank on conversion of part of its outstanding loan and interest into equity shares of the Company pursuant to 'Notice of Conversion', for conversion of debt into equity shares under the Strategic Debt Restructuring package of the Company. With this allotment, the CDR lenders and joint lender collectively hold 63.07% of the total equity capital of the Company.Powered by Capital Market - Live News
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