Wednesday, December 30, 2015

Gammon allots shares to lenders

Gammon India Ltd has said in a filing to the BSE that it had allotted 15.10 crore equity shares of face value Rs.2 each at a price of Rs.11.89 a share aggregating to Rs.179.60 crore to 11 corporate debt restructuring (CDR) lenders on conversion of a part of their outstanding loan and interest into equity shares of the company. 

With this allotment, the CDR lenders collectively hold 52.55 per cent of the total equity capital of the company, the statement said.

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