UltraTech Cement Ltd has informed BSE regarding the details of Voting results at the Court Convened Meeting of the Equity Shareholders of the Company held on June 08, 2015, under Clause 35A.
UltraTech Cement Ltd has informed BSE regarding 'Company Update - Withdrawal of Scheme of Arrangement between UltraTech Cement Limited and Jaiprakash Associates Limited'.
Jaiprakash Associates Ltd has informed BSE that, on February 28, 2016, the Company have signed a binding Memorandum of Understanding with UltraTech Cement Limited for divestment of part of the Company's cement business as per the details given in the enclosed Press Release issued by the Company.
(As per BSE Announcement dated on 28.02.2016)
Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company reviewed the progress of divestment plans and approved the Scheme of Arrangement with UltraTech Cement Limited, as per the details given in the Press Release enclosed herewith.
Further, the Company has informed that taking note of the decision of Joint Lenders Forum of Company s Lenders on the invocation of Strategic Debt Restructing (SDR), subject to approval of Lenders, the Board has constituted a Committee of Directors to evaluate various options necessitating financial restructuring as may be applicable with evolving guidelines of RBI and Banks to deal with the debt management and take all actions / steps, as may be considered necessary, by the said Committee.
(As Per BSE Announcement Dated on 04.07.2016)
Update u/r 30 of LODR In continuation to notice dated 17th February, 2017 u/r 29 of LODR, we wish to make Disclosure u/r 30 of LODR that Finance Committee meeting held today has approved the following: 1. The proposal pertaining to reschedulement of outstanding amounts of Foreign Currency Convertible Bonds (FCCBs) subject to consents and approvals of RBI, any Ministry, Governmental or regulatory authority in India and bondholders & shareholders of the Company. The proposal is however yet to be approved by all the Bondholders and may undergo further changes. 2. The proposal for realignment of remaining debt of the Company subsequent to the transfer of a large part of the debt to UltraTech Cement Limited (UTCL) upon consummation of the Scheme of Arrangement for transfer of identified Cement Plants of the Company to UTCL. This is however subject to approval of the lenders which is awaited. The final proposal may undergo certain changes depending upon the approval of all the lenders.
(As per BSE Announcement dated on 07.03.2017)
Sub: Intimation of Close of Scheme of Arrangement for sale of Identified Cement Plants of the Company.
Dear Sir,
This is in continuation of our various disclosures dated 28th February 2016, 29th February 2016, 31st March 2016 and the disclosure dated 4th July 2016 given pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Circular dated 9th September 2015 on Continuous Disclosure Requirements issued by SEBI in connection with Company's ongoing Scheme of Arrangement ('Scheme') among the Company, Jaiprakash Associates Limited ('JAL'), Jaypee Cement Corporation Limited ('JCCL'), the wholly owned subsidiary of JAL, and UltraTech Cement Limited ('UTCL') and their respective shareholders and creditors, for sale of Company's certain identified cement plants.
(As Per BSE Announcement Dated on 29.06.2017)
Disclosure_pursuant_to_Regulation_30_51(2)
(As Per BSE Announcement Dated on 30.06.2017) | Powered by Capital Market - Live News |
|