Latest Breaking News On - Kesoram industries ltd - Page 13 : comparemela.com
Goldman, Cerberus, Edelweiss buy rare Indian junk bond offering 21%
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Goldman, Cerberus Buy Rare Indian Junk Bond Offering 21%
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Birla Tyres reports standalone net loss of Rs 76 08 crore in the December 2020 quarter
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In terms of resolution planKesoram Industries announced that the fund raising committee of the board of the company in terms of the resolution plan, at its meeting held on 08 March 2021, has approved the allotment of the following securities of the company on preferential basis through private placement to the existing lenders in part conversion of their existing debt -
1) 2,22,21,262 fully paid-up Equity Shares having a
face value of Rs. 10 at a conversion price of Rs. 65 including a premium of Rs. 55 aggregating to Rs. 1,44,43,82,030 to the existing lenders.
2) 4,48,97,195 fully paid up Zero Coupon Optionally
Convertible Redeemable Preference Shares (OCRPS) having face value of Rs. 100 aggregating to Rs. 4,48,97,19,500 issued to the