A meeting of the Board of Directors of Shriram EPC Ltd will be held on December 18, 2015, to consider and approve the conversion of the Working Capital Term Loan of the CDR Lenders into equity shares of the Company, CDR Lenders refers to the lenders of the Company whose loans are restructured under the Corporate Debt Restructuring (CDR) package.
The Board will consider promoter infusion of equity capital on preferential basis.
The Board will also consider proposal to increase Authorised Share Capital and consequent amendments to the memorandum of association and articles of association of the Company.
Shares of SHRIRAM EPC LTD. was last trading in BSE at Rs.32.6 as compared to the previous close of Rs. 32.15. The total number of shares traded during the day was 3266 in over 34 trades.
The stock hit an intraday high of Rs. 32.9 and intraday low of 31. The net turnover during the day was Rs. 104360.