Comments
Diamond Power Infrastructure today said its lenders have in principally agreed to a proposal from CKP Grouop to infuse Rs 1,200 crore under Strategic Debt Restructuring (SDR) scheme.
“The company would like to inform its shareholders that lenders at their meeting in-principally agreed, subject to approvals of various authorities, towards the proposal received from CKP Group to infuse Rs 1,200 crore under SDR scheme,” Diamond Power Infrastructure said in a BSE filing.
Earlier this month, Diamond Power Infrastructure had said its shareholders have approved the proposal to convert Rs 2,398-crore debt into equity and optionally convertible redeemable preference shares (OCRPS).
Shares of the company were trading 4.95 per cent higher at Rs 42.40 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.