Consolidated Construction Consortium has informed that the Board of Directors of the Company at its meeting held on August 19, 2015, has approved the allotment of shares to CDR lenders pursuant to conversion of partial loan into equity as per the CDR scheme. The conversion of loan into equity is approved by shareholders vide postal ballot dated June 24, 2015. On the receipt of in - principle approval from the stock exchanges, Board has allotted 213733963 shares at Rs 3.86 per share.
The above information is a part of company’s filings submitted to BSE.
