Shriram EPC Ltd allots shares under CDR

The Board of Directors of Shriram EPC Ltd at its meeting held on August 26, 2015, has discussed and approved the allotment of 78,19,891 equity shares of face value of Rs. 10 each (with a premium of Rs. 22.98 each) of the Company to CDR Lenders ON CONVERSION OF FUNDED INTEREST TERM LOAN (FITL), on preferential basis pursuant to corporate debt restructuring scheme.

The Board also approved the allotment of 58,55,181 equity shares of face value of Rs. 10 each (with a premium of Rs. 30.05 each) of the Company to CDR Lenders on conversion of Sacrifice Amount, on preferential basis pursuant to corporate debt restructuring scheme.

Shares of SHRIRAM EPC LTD. was last trading in BSE at Rs.29.5 as compared to the previous close of Rs. 29.3. The total number of shares traded during the day was 4339 in over 59 trades.

The stock hit an intraday high of Rs. 30.5 and intraday low of 29. The net turnover during the day was Rs. 128677.

Source : Equity Bulls

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