GAMMON INDIA LTD. - Revised Outcome of Board Meeting
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| 04 Jun 2014 | |
| With reference to earlier announcement dated June 03, 2014 regarding Outcome of Board Meeting, Gammon India Ltd has now submitted to BSE the Revised Outcome of the Board Meeting as under :<br/><br/>"The Board of Directors of the Company has, at its meeting held on June 03, 2014, approved the issue of 36,968,575 (Three Crores Sixty Nine Lacs Sixty Eight Thousand Five Hundred and Seventy Five) equity shares of the face of Rs. 2/- each at a price of Rs. 27.05/- per equity share on a preferential basis to the Promoters and their Affiliates against the contribution brought in by them as "Promoter Contribution" as envisaged under the Corporate Debt Restructuring Scheme approved by the Corporate Debt Restructuring Empowered Group at its meeting held on June 24, 2013.<br/><br/>The said issue and allotment will be subject to the approval of the CDR lenders and also the shareholders at the forthcoming 92nd Annual General Meeting of the Company scheduled to be held on June 30, 2014." | |
| View all announcements for GAMMON INDIA LTD. | Source: BSE India |
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