A2Z Infra Engineering has informed that IL&FS Financial Services Limited (hereinafter 'IFIN') has invoked 2,743,000 equity shares of A2Z Green Waste Management Limited (Formerly known as A2Z Infrastructure Limited) (hereinafter ‘A2Z Green Waste/ Borrower’) on February 26, 2016, held by Company at an invocation price of Rs 17.23 per share amounting to Rs 47,261,890 in appropriation of the interest amount due to borrower aggregating to Rs 47,261,890 (For the month of July 2015-Sept 2015 amounting to Rs 47,260,274 and for the month of October 2015-Dec 2015 amounting to Rs 1,616). The said equity shares were pledged by A2Z in favour of IFIN vide Pledge Agreement dated October 21, 2011, as a security for 150 Fully Convertible Debentures (FCD) having aggregate value of Rs 1,500,000,000 issued by the Borrower to IFIN. Consequent to the said invocation, the shareholding of A2Z in A2Z Green Waste has been reduced from 83.93% to 71.87%.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
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| Rail Vikas Nigam | 295.75 |
| NCC | 160.05 |
| KEC International | 558.85 |
| Kalpataru Projects | 1232.00 |
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