The board of directors of ABG Shipyard on Thursday allotted 8.07 crore 0.01 per cent compulsorily convertible preference shares of ₹10 each at par to the CDR lenders as per CDR package on preferential basis. The preference shares shall be fully paid-up at the time of allotment and will come with a lock-in period as may be prescribed under the SEBI Regulations. Shares of ABG Shipyard slumped about 3 per cent at ₹188.85 on the NSE.
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