Shriram EPC’s promoter would infuse around Rs 389 crore into the company, while lenders would be issued shares for restructuring loans worth Rs 313 crore. In addition, shares would be issued to them in lieu of “sacrificing” around Rs 185 crore under the corporate debt restructuring (CDR) plan.
Meanwhile, the company’s board approved, issue of equity shares of the company on preferential basis to the promoters, Shriram Industrial Holdings (SIHL) to the extent of Rs 389 crore and use of proceeds from such issuance towards redemption of cumulative redeemable preference shares and the repayment of the unsecured loan.
Shriram EPC is one of the leading service providers of the integrated designs, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects throughout India and overseas.
Company Name | CMP |
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Larsen & Toubro | 3375.55 |
Rail Vikas Nigam | 344.15 |
KEC International | 718.75 |
Kalpataru Projects | 1094.95 |
NCC | 284.40 |
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