Announcement under Regulation 30 (LODR)-Allotment

| Updated on March 27, 2018 Published on March 27, 2018

In continuation to our letter No. SW:SEC:185 dated 13th March, 2018 and as approved by the Board of Directors in their meeting held on 13th March, 2018, the company has settled the outstanding dues of Asset Reconstruction Company (India) Ltd. (ARCIL) as per the terms of their In-Principle Sanction Letter dated 26th February, 2018.

Accordingly, the company is issuing 51,50,000 equity shares of Rs. 2/- each to ARCIL against conversion of outstanding interest of Rs. 165.87, crores in terms of ARCILs above mentioned Sanction Letter and in terms of Rehabilitation Scheme sanctioned by BIFR vide its order dated 10th June, 2010.

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Source : BSE - www.bseindia.com

Published on March 27, 2018
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