Gammon India informs about outcome of securities allotment committee meeting

29 Dec 2015

Gammon India has informed that the Securities Allotment Committee of Directors at their meeting held on December 29, 2015, has allotted 15,10,54,133 equity shares of F.V. Rs 2 each at a price of Rs 11.89 per share aggregating to Rs 179,60,33,641 to 11 CDR Lenders on conversion of part of their outstanding loan and interest into equity shares of the Company pursuant to Notices dated December 18, 2015 & December 28, 2015 for conversion of debt Into equity shares under Strategic Debt Restructuring Package of the Company issued by ICICI Bank in its capacity as a Monitoring Institution, acting on behalf of the CDR Lenders. With this allotment, the CDR Lenders collectively hold 52.55% of the total equity capital of the Company.

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

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