A2Z Infra Engineering Limited - Updates
| < Back | |
| 04 Mar 2016 | |
| A2Z Infra Engineering Ltd has informed BSE that IL&FS Financial Services Limited (hereinafter "IFIN") has invoked 2,743,000 equity shares of A2Z Green Waste Management Limited (Formerly known as A2Z Infrastructure Limited) (hereinafter "A2Z Green Waste/ Borrower") on February 26, 2016, held by Company at an invocation price of Rs. 17.23/- per share amounting to Rs. 47,261,890/- (Rs. Forty Seven Million Two Hundred Sixty One Thousand Eight Hundred Ninety Only) in appropriation of the interest amount due to borrower aggregating to Rs. 47,261,890/- (Rs. Forty Seven Million Two Hundred Sixty One Thousand Eight Hundred Ninety Only) (For the month of July 2015-Sept 2015 amounting to Rs. 47,260,274/- and for the month of October 2015-Dec 2015 amounting to Rs. 1,616/-).<BR><BR>The said equity shares were pledged by A2Z in favour of IFIN vide Pledge Agreement dated October 21, 2011, as a security for 150 Fully Convertible Debentures (FCD) having aggregate value of Rs. 1500,000,000 (Rupees One Thousand Five Hundred Million Only) issued by the Borrower to IFIN. Consequent to the said invocation, the shareholding of A2Z in A2Z Green Waste has been reduced from 83.93% to 71.87%. | |
| View all announcements for A2Z Infra Engineering Limited | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback