GAMMON INDIA LTD. - Outcome of Board Meeting

	< Back
04 Apr 2014
Gammon India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 03, 2014, inter alia, has resolved to approach the CDR Lenders/Corporate Debt Restructuring Empowered Group for seeking its approval for:<br/><br/>1. Issue of Zero Coupon Compulsorily Convertible Debentures for an amount not exceeding Rs. 100 Crores [Rupees One Hundred Crores Only] on preferential basis to Promoters/Entities, at a price to be decided pursuant to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, 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, 2013 executed by the Company with the CDR Lenders;<br/><br/>2. Appointment of consultants to advise the Company on options for value optimization of the Company's business.
View all announcements for GAMMON INDIA LTD.	Source: BSE India

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us