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| Exchange Disseminated Time 11/07/2016 16:48:06 | Shriram EPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 11, 2016, has transacted the following:
1. Conversion of the Working Capital Term loan of the CDR Lenders into equity shares of the Company to the maximum extent of Rs. 1280 Crores, subject to the shareholders and other regulatory approvals, at a price to be determined as per regulations.
2. Preferential issue to the Holding Company - SVL Limited (Erstwhile Shriram Industrial Holdings Limited) of Rs. 265 Crores subject to shareholders and other regulatory approvals, at a price to be determined as per regulations.
3. Increase of Authorised Share Capital and Approval for Alteration of Memorandum of Association of the Company
4. To seek shareholders approvals for the above. |
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