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Monnet Ispat & Energy has informed that the Board of Directors, in its meeting to be held on November 02, 2015, proposes to consider the matter of raising equity through conversion of loan into equity shares to lenders under Strategic Debt Restructuring (SDR) circular of RBI and to convert the unsecured loan brought in by promoters / non-promoters as per the decision of Joint Lenders Forum (JLF) of the Company through preferential route in terms of SEBI Guidelines and if approved, to pass enabling resolutions such as obtaining the approval of shareholders for increase of authorized capital, to convert loan into equity shares, formation of an authorization to Special Committee and such other allied matters.

The above information is a part of company’s filings submitted to BSE.

JSW Ispat Special Share Price

38.97 0.00 (0.00%)
09-Aug-2023 18:01 View Price Chart
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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