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| Exchange Received Time 03/04/2018 14:04:15 Exchange Disseminated Time 03/04/2018 14:04:23 Time Taken 00:00:08 | Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
In continuance to the intimation given on 12th march, 2018, for outcome of Board Meeting, the Company would hereby like to inform about the successful implementation of the Restructuring Scheme along with its Lenders as on 31st march, 2018; whereby transfer of 128,578,044 equity shares from the promoter group to the consortium of Lenders was completed under the restructuring scheme. The said Scheme was earlier approved by the relevant authorities under the guidelines issued by the Reserve Bank of India (RBI) and was duly intimated to the stock exchanges.
The Lenders along with the Company had earlier signed the Master Framework Agreement and Share & Transfer Confirmation Agreement on 24th January, 2018, confirming the implementation of the Restructuring Scheme. |
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