Approval of Corporate Debt Restructuring (CDR) Scheme

Adhunik Metaliks Ltd has informed BSE that CDR Empowered Group has sanctioned a composite debt restructuring under the guidelines of reserve Bank of India at its meeting held on March 18, 2015, vide letter dated March 20, 2015 and received by the Company on March 23, 20115. The restructuring scheme as approved has been also sanctioned to M/s. Orissa Manganese & Minerals Limited and M/s. Zion Steel Limited, amalgamating Companies under the Scheme of Amalgamation pending before the Honble High Court of Orissa at Cuttack.

Source : BSE - >www.bseindia.com

Published on March 24, 2015
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