Brahmaputra Infrastructure has informed that the Board of Directors of the Company at its meeting held on May 15, 2014, has considered, discussed and approved Corporate Debt Restructuring (CDR) under CDR Mechanism in terms of guidelines laid down by the Reserve Bank of India (RBI) in February 2014 and delegated the powers to Joint Managing Director to co-ordinate with the Consortium of Bankers for the same and to take all necessary actions as may be required from time to time.
The above information is a part of company’s filings submitted to BSE.
