Under CDR
ABG Shipyard announced that the Security Issue Committee of the Board of Directors of the Company has, at its meeting held on 26 March 2015, has allotted 8,07,30,937 (Eight Crores Seven Lacs Thirty Thousand Nine Hundred and Thirty Seven) Nos. of 0.01% Compulsorily Convertible Preference Shares of Rs. 10/- (Rupees Ten Only) each at Par value to the CDR Lenders as per CDR Package on preferential basis under Chapter VII - "Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.The said allotment of 8,07,30,937 (Eight Crores Seven Lacs Thirty Thousand Nine Hundred and Thirty Seven) Nos. of 0.01% Compulsorily Convertible Preference Shares of Rs. 10/- (Rupees Ten Only) each shall be fully paid-up at the time of allotment and shall be subject to the lock-in for such period as may be prescribed under the SEBI ICDR Regulations.
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