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A2Z Infra Engineering's stake in A2Z Green Waste reduces from 83.93% to 71.87%

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Capital Market

Due to invocation of 27.43 lakh shares of A2Z Green Waste by IL&FS Financial Services

A2Z Infra Engineering announced that IL&FS Financial Services (hereinafter "IFIN") has invoked 2,743,000 equity shares of A2Z Green Waste Management (Formerly known as A2Z Infrastructure) (hereinafter "A2Z Green Waste/ Borrower") on 26 February 2016, held by Company at an invocation price of Rs. 17.23/- per share amounting to Rs. 47,261,890/- (Rs. Forty Seven Million Two Hundred Sixty One Thousand Eight Hundred Ninety Only) in appropriation of the interest amount due to borrower aggregating to Rs. 47,261,890/- (Rs. Forty Seven Million Two Hundred Sixty One Thousand Eight Hundred Ninety Only) (For the month of July 2015-Sept 2015 amounting to Rs. 47,260,274/- and for the month of October 2015-Dec 2015 amounting to Rs. 1,616/-).

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First Published: Mar 04 2016 | 12:52 PM IST

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