SPML INFRA LIMITED - Outcome of Board Meeting

SPML Infra Limited - Outcome of Board Meeting

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24 Oct 2017
In terms of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SPML Infra Ltd. informed the BSE that the Board of Directors of the Company in their Meeting held on 24th October, 2017 has approved the Scheme for Sustainable Structuring of Stressed Assets ('S4A') for the Company in terms of the SPML S4A Scheme / Resolution Plan as approved by the Overseeing Committee (OC) in its meeting held on 6th October, 2017 and approved the offer and Issue of Optionally Convertible Debentures (OCDs) of face value Rs.1,000/- each for a value not exceeding Rs.550 Crores on Preferential Basis to the Lenders against conversion of part of their loans as standing in the books of the Company, subject to the approval of the Members in the ensuing General Meeting of the Company.<BR> <BR>
View all announcements for SPML Infra Limited	Source: BSE India

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