Under S4A Scheme and CDR Package
Bombay Rayon Fashions announced that the share issue committee of Board of Directors at its meeting held on 24 May 2017 has approved -Allotment of 107,345,243 equity shares of Rs 10 each at an issue price of Rs 146.03 per share and 3,995,092 optionally convertible debentures of Rs 1000 each at par to lenders in accordance with scheme for sustainable structuring of stressed assets.
Allotment of 3,346,997 equity shares of Rs 10 each at a price of Rs 165.88 per share on conversion of funded interest term loan and working capital term loan in accordance with SEBI guidelines for preferential issue.
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