Crr Prop Ahead

The ailing India Ployfibres Ltd has informed to the Bombay Stock Exchange that the BIFR has passed the order sanctioning the modifications to the rehabilitation scheme on July 2, 1999. According to the BIFR scheme, its present paid-up equity share capital of Rs 46.45 crore (consisting of 4,64,50,000 shares of Rs 10 each) will be written down by 80 per cent to Rs 9,29 crore. TLE>