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| Exchange Received Time 11/12/2018 14:21:33 Exchange Disseminated Time 11/12/2018 14:21:40 Time Taken 00:00:07 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that all the lenders have unanimously inter-alia agreed on the following action points in relation to Resolution Plan/Compromise offer.
1. All lenders have agreed 'in principle' to extend/modify the period of Resolution Plan/Compromise Offer by 90 days. The 'in principle approval' letter would be given by all lenders to the company.
2. Extension of time by 90 days upto 22.02.2019 for payment of balance 85% amount of Resolution Plan/Compromise Offer has been agreed by all lenders and post facto approval/sanction will be obtained by each of them respective appropriate authorities within next 30 days which will be advised to the Consortium Bank, i.e. SBI.
This is for your information and records. |
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