RMG Alloy Steel update on Strategic Debt Restructuring

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Capital Market
Last Updated : Dec 20 2017 | 10:31 AM IST

Gets SEBI approval for proposed allotment of shares on conversion for debts

RMG Alloy Steel has received approval of SEBI for the proposed allotment of shares to the lender banks upon conversion of a part of the outstanding debts pursuant to Strategic Debt Restructuring as a valid means by which the level of public shareholding would become compliant with the minimum public shareholding requirements.

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First Published: Dec 20 2017 | 10:10 AM IST

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