Electrosteel Steel allots 739.91 crore equity shares
On conversion of loan in terms of Resolution Plan
Electrosteel Steel has issued and allotted 7,399,132,055 equity shares of Rs 10 each on a preferential / private placement basis to financial creditors of the Company pursuant to conversion of loan equivalent to Rs 7399.13 crore in terms of Resolution Plan approved by National Company Law Tribunal- Kolkata Bench vide its order dated 17 April 2018.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jun 06 2018 | 1:20 PM IST