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| Exchange Disseminated Time 08/02/2017 17:20:36 | With reference to the earlier letter dated February 04, 2017, Reliance Defence and Engineering Ltd has now informed BSE that the Board of Directors at its meeting to be held on February 11, 2017, inter alia, will also consider approving a Refinancing Scheme with the Lenders of the Company and consequent issuance of Equity Shares, Compulsorily Redeemable Preference Shares and Secured Non-Convertible Debentures and convening of an Extraordinary General Meeting for the said purposes.
The above shall be subject to all permissions, sanctions and approvals as may be necessary under the applicable provisions of law.
On completion of the process of Refinancing, the Company would exist from Corporate Debt Restructuring scheme (CDR). |
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