|
| Exchange Disseminated Time 06/05/2016 10:12:13 | Diamond Power Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 16, 2016, inter alia, to consider and approve the following businesses:
1. To evaluate various debt re-alignment options & approve a plan put forward by Company mandated advisors on Debt Re-alignment with a view to find value for Potential Strategic Investors in the Company based the detailed study of its various business keeping in consideration companies requirement of long term capital infusion to increase capacity utilization and to set right the Company's Capital structure and debt to equity ratio which ensures sustainable debt for its various business keeping in the mind the debt obligation of the Company.
2. To approve the re-organization of Company's various business in consultation with the its strategic investors & subject to approval of its lenders.
3. To Authorize a Committee of Directors in the Company to offer stake up to 51% to a Strategic Investor & Corporate Bodies in line with guidelines laid down by various statutory authorities & subject to approval of its shareholders and lenders in the Company and or its subsidiaries.
4. To evaluate an Investment & approve proposal from a strategic investor to infuse USD 125 mn i.e. Rs. 825 Cr in the Company for a major corrections its capital structure and improving its debt/equity gearing & or its subsidiaries subject to approval of Company's Lenders & Shareholders. |
|
|