GAMMON INDIA LTD. - Outcome of Securities Allotment Committee Meeting
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| 29 Dec 2015 | |
| Gammon India Ltd has informed BSE that the Securities Allotment Committee of Directors at their meeting held on December 29, 2015, has allotted 15,10,54,133 equity shares of F.V. Rs.2/- each at a price of Rs. 11.89 per share aggregating to Rs. 179,60,33,641 to 11 (eleven) CDR Lenders on conversion of part of their outstanding loan and interest into equity shares of the Company pursuant to Notices dated December 18, 2015 & December 28, 2015 for conversion of debt Into equity shares under Strategic Debt Restructuring Package of the Company issued by ICICI Bank in its capacity as a Monitoring Institution, acting on behalf of the CDR Lenders. With this allotment, the CDR Lenders collectively hold 52.55% of the total equity capital of the Company. | |
| View all announcements for GAMMON INDIA LTD. | Source: BSE India |
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