Arshiya International’s board at its meeting held on March 27, 2014, took cognizance of the restructuring package and accepted the contents of the letter dated March 21, 2014 issued by CDR cell including condition of Rs 221.61 crore required to be brought in by the promoters of the company as promoters contribution under CDR Scheme.
Out of above, Rs 37.44 crore to be towards contribution of conversion of warrants by promoters at Rs 145 per share, and balance amount of Rs 184.17 crore towards contribution of shares as per SEBI guidelines in compliance with extant regulatory guidelines.
Arshiya International is engaged in providing end-to-end logistics and supply chain solutions to customers across the world. The company’s offices are located at Singapore, Australia, Dubai, Qatar, Oman and the United States. The company offers solutions in areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services.
