13 Dec 2019 | 1:10 AM

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Diamond Power lenders approve Rs 1200 cr infusion under SDR
  Diamond Power Infrastructure Ltd. | 12 Dec 2019 | 03:41 PM
Published on 03-14-2017
Diamond Power Infrastructure said its lenders have in principally agreed to a proposal from CKP Grouop to infuse Rs 1200 crore under Strategic Debt Restructuring (SDR) scheme reported PTI.


"The company would like to inform its shareholders that lenders in their meeting in-principally agreed subject to approvals of various authorities towards the proposal received from CKP Group to infuse Rs 1200 crore under SDR scheme" Diamond Power Infrastructure said in a BSE filing.


Earlier this month Diamond Power Infrastructure said its shareholders have approved the proposal to convert Rs 2398 crore debt into equity and optionally convertible redeemable preference shares (OCRPS).