|
| Exchange Received Time 30/04/2018 15:19:48 Exchange Disseminated Time 30/04/2018 15:19:52 Time Taken 00:00:04 | We wish to inform you that Rare Asset Reconstruction Private Limited (RARE ARC) has acquired the debt of Dena Bank.
The Company is in discussion with RARE ARC for restructuring / resolution of the debt and have submitted restructuring proposal involving repayment of the debt over a period of time and conversion of part of the debt into equity share capital.
This is in compliance with the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.
Kindly take above on your record and oblige.
|
|
|