|
| Exchange Received Time 19/12/2017 19:45:31 Exchange Disseminated Time 19/12/2017 19:45:33 Time Taken 00:00:02 | In compliance with Reg. 30 read with Schedule III of SEBI (LODR) Regulations, 2015, the disclosure is hereby given that the Company has received approval of SEBI in terms of Clause 2(vii) of SEBI Circular CIR/CFD/CMD/14/2015 dated 30.11.2015 recognising the proposed allotment of shares to the lender banks upon conversion of a part of the outstanding debts pursuant to Strategic Debt Restructuring (SDR) as a valid means by which the level of public shareholding would become compliant with the minimum public shareholding requirements.
A copy of the approval letter is annexed herewith. Kindly take the same on record.
|
|
|