Lendified Holdings Inc.: Lendified Announces Private Placement Financing of up to $5,000,000
Company or
Lendified ) is pleased to announce that it entered into an engagement letter with Canaccord Genuity Corp., as sole agent and bookrunner (the
Agent ), pursuant to which the Agent has agreed to sell, on a commercially reasonable efforts private placement basis, up to 100,000,000 subscription receipts of Lendified (the
Subscription Receipts ) at a price of $0.05 per Subscription Receipt (the
Issue Price ) for aggregate gross proceeds to Lendified of up to $5,000,000 (the
Offering ). Each Subscription Receipt will entitle the holder thereof to receive, without payment of any additional consideration and without further action on the part of the holder thereof, one unit of the Company (a
At meeting held on 29 April 2021The Board of Future Consumer at its meeting held on 29 April 2021 has approved a resolution plan to restructure the existing secured and unsecured financial debt from the bankers of the Company, as permitted under a Resolution Framework for COVID 19 related stress announced by the Reserve Bank of India.
The said resolution plan has been approved by the Board, subject to
final approval from the lenders of the Company.
It may be noted that non-convertible debentures (NCDs) issued by the Company are not part of the aforesaid resolution plan.
Pursuant to the implementation of resolution plan for Existing Debt, the Board expects that
Future Supply Chain board, lenders approve debt restructuring plan
By IANS |
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Mumbai, April 21 : Future Supply Chain Solutions has said that its board of directors and lenders have approved a debt restructuring plan.
In a regulatory filing, the company said that its board of directors approved the plan on Tuesday. The board of directors of Future Supply Chain Solutions Limited at its meeting held on April 20, 2021, has approved a resolution plan to restructure its existing financial debt as permitted under the Resolution Framework for Covid-19-related Stress announced by the Reserve Bank of India, it said.
The said resolution plan has been in-principle agreed by the lenders to the existing debt of the company after assessing the viability of resolution plan.
Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring
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Last Updated: Apr 20, 2021, 10:48 PM IST
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Synopsis
The boards of both the companies Future Enterprises and Future Supply Chain Solutions have approved the lenders plan to restructure the existing secured financial debt, the firms said in separate regulatory filings.
Agencies
Future Enterprises said its restructuring plan would be subject to approval from the Expert Committee formed by RBI under the chairmanship of K V Kamath.
Lenders to two more Future group firms
Future Supply Chain Solutions have approved a resolution plan to restructure the existing secured financial debt of the companies, as per regulatory filings. Last week, a consortium of 28 banks had approved a resolution plan for debt restructuring of the Kishore Biyani-led group s flagship firm Future Retail Ltd, under the resolution framework for COVID-19-related stress announced by the Reserve Bank of I
At meeting held on 17 April 2021The Board of Future Retail at its meeting held on 17 April 2021 has approved a resolution plan to restructure the existing secured financial debt from the banker of the company as permitted under a Resolution Framework for COVID 19 related Stress announced by the Reserve Bank of India. The said resolution plan, which remains subject to the approval of the Expert Committee (under the chairmanship of the K. V. Kamath) constituted by the Reserve Bank of India, has been approved by the lenders to the Existing Debt of the Company.
As part of the resolution plan, the debt raised through the non-convertible debentures issued by the Company under Series IA, IB and II (NCDs) are also part of the Existing Debt and are proposed to be restructured.