The HPL board has cleared a proposal to convert debt to the tune of Rs 128 crore into equity in at par basis (Rs 10), Now the lenders will jointly own "about 8% stake" in the company. This is an attemmpt to help the company avoid reporting to BIFR.
For more details on Haldia Petrochemicals converts debt to equity to shield from BIFR reporting click here
Monday, April 02, 2012
Haldia Petrochemicals converts debt to equity to shield from BIFR reporting
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment