|
| Exchange Disseminated Time | With reference to the earlier annoucement dated April 29, 2009, regarding the Board Meeting to be held on May 07, 2009, to consider allotment of
1. 68,39,945 Equity Shares of Rs 5/- each to M/s. State Bank of India, Main Branch, Chennai for conversion of loans outstanding.
2. 70,00,000 6.5% Redeemable Cumulative Preference Shares of Rs 100/ each to M/s. State Bank of India, Main Branch, Chennai for conversion of loans outstanding.
3. 98,49,521 Equity Shares of Rs 5/- each to Mrs. Anita Tibrewal, a member of the
Promoter's Group for the amount brought in by her into the Company and kept as
Un-secured loan after receiving necessary approval from SEBI.
These allotments are to be made in terms of the approved Corporate Debt Restructuring Scheme, Gangotri Textiles Ltd has now informed BSE that the allotment of Equity Shares to the Banks and to the Promoters gets revised as follows and the Board of Directors will consider allotting the following shares only:
1. 67,84,261 equity shares of Rs 5/- each @ 7.37 per share to M/s. State Bank of India, Main Branch, Chennai for conversion of loans outstanding.
2. 97,69,335 equity shares of Rs 5/- each @ Rs 7.37 per shares to Mrs. Anita Tibrewal, a member of the Promoter's group for the amount brought in by her into the Company and kept as unsecured loan after receiving necessary approval from SEBI.
3. 70,00,000 6.5% Redeemable Cumulative Preference Shares of Rs 100/ each to M/s. State Bank of India, Main Branch, Chennai for conversion of loans outstanding. |
|
|