Reliance Defence and Engineering Ltd today said its board will meet this week to consider approval of a refinancing scheme with the lenders of the company.
The board will "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 company said.
The refinancing "shall be subject to all permissions, sanctions and approvals as may be necessary under the applicable provisions of law," it said.
On the completion of the process of refinancing, the company would exit from Corporate Debt Restructuring Scheme, it said in a BSE filing.
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