1. Lenders hold 63.07% stake in Gammon India

Lenders hold 63.07% stake in Gammon India

Gammon India informed the stock exchanges on Friday that the CDR lenders and joint lenders collectively hold 63.07% of the total equity capital of the company.

By: | Mumbai | Updated: June 11, 2016 8:04 AM

Gammon India informed the stock exchanges on Friday that the CDR lenders and joint lenders collectively hold 63.07% of the total equity capital of the company.

Gammon India also said it has allotted 41.24 lakh equity shares of face value of Rs 2 each at a price of Rs 11.89 per share (including premium of Rs 9.89) aggregating to Rs 4.90 crore to DBS Bank on conversion of part of its outstanding loan and interest into equity shares of the company pursuant to ‘notice of conversion’, for conversion of debt into equity shares under the strategic debt restructuring package of the company.

Tags: Gammon India
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