Corporate News 18-Aug-18
Board of Supreme Infrastructure India approves fund raising and debt restructuring proposals
At meeting held on 18 August 2018
The Board of Supreme Infrastructure India at its meeting held on 18 August 2018 has approved raising of funds through issuance of securities on preferential basis to promoter/ promoter group up to Rs 225 crore. The Board also approved issuance of securities by way of preferential allotment for conversion of debt into permissible securities for an amount not exceeding Rs 2100 crore in terms of the proposed Resolution Plan under the Resolution of Stressed Assets - Revised Framework, issue by the RBI in relation to the restructuring of the debts of the company.
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