Board of Shriram EPC approves allotment of equity shares under CDR scheme

At meeting held on 26 August 2015

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

1. Allotment of 78,19,891 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 58,55,181 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 Sacrifice Amount, on preferential basis pursuant to corporate debt restructuring scheme.

 

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