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| Exchange Disseminated Time | Shriram EPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 14, 2015 has discussed and approved the following:-
1. Conversion of part of the Working Capital Term Loan of the CDR Lenders into equity shares of the Company to a maximum of Rs. 491.83 Crores, subject to shareholder and other regulatory approvals, at a price to be determined as per regulations.
(CDR Lenders refers to the lenders of the Company whose loans are restructured under the Corporate Debt Restructuring (CDR) package)
2. Promoter infusion of equity capital on preferential basis for a maximum of Rs. 100 Cr. subject to shareholder and other regulatory approvals, at a price to be determined as per regulations.
3. Increase of Authorised Share Capital and consequent amendments to the memorandum of association of the Company.
4. To seek shareholders' approval for the above. |
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