GAMMON INDIA LTD. - Board Meeting on April 03, 2014

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31 Mar 2014
Gammon India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 03, 2014, inter alia, to consider the following:<br/><br/>1. The issue of "Convertible Securities" on preferential basis to Promoters /Entities against their contribution made towards "Promoter Contribution" as envisaged under the Corporate Debt Restructuring (CDR) Scheme approved on June 24, 2013 and pursuant to the Master Restructuring Agreement dated September 24, 2014 executed by the Company with the CDR Lenders.<br/><br/>2. To consider various options of restructuring of the Company/Gammon Group.<br/><br/>The above two businesses shall be subject to necessary approvals as required from the CDR lenders/ CDR - EG and all other permissions, approvals and sanctions required under various applicable laws.
View all announcements for GAMMON INDIA LTD.	Source: BSE India

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