Gammon allots shares to lenders

Our Bureau Mumbai | Updated on January 22, 2018 Published on December 30, 2015

Gammon India Ltd has said in a filing to the BSE that it had allotted 15.10 crore equity shares of face value ₹2 each at a price of ₹11.89 a share aggregating to ₹179.60 crore to 11 corporate debt restructuring (CDR) lenders on conversion of a part of their outstanding loan and interest into equity shares of the company. With this allotment, the CDR lenders collectively hold 52.55 per cent of the total equity capital of the company, the statement said.

Published on December 30, 2015
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