Shriram EPC makes a comeback after 52-week lows
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The board of directors at Shriram EPC approved allotment of 78.19 lakh equity shares of the company at `32.98 per share to corporate debt restructuring lenders on conversion of funded interest term loan on preferential basis. The board also approved allotment of 58.55 lakh equity shares at Rs 40.05 per share to CDR lenders on conversion of Sacrifice Amount, on preferential basis pursuant to corporate debt restructuring scheme, the company informed the exchanges.
As a result, Shriram EPC 1 rupees, or 3.4 percent, to 30.50 rupees on the
Shriram EPC's market capitalisation has fallen 10 percent to 479 crore rupees in the past one year.
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