Hindusthan Urban Infrastructure has informed that the Board meeting held on Monday, 30th July, 2018 has approved conversion of existing unsecured loan (including interest thereon) (representing amount payable) to Hindusthan Engineering & Industries Limited (HEIL) aggregating Rs 95,18,97,000 as per the books of the Company as on 31st July, 2018 (rounded off to the nearest thousands) into optionally convertible debentures (OCDs) and entering into subscription agreement with HEIL.
The above information is a part of company’s filings submitted to BSE.
