Era Infra to issue equity shares; stock down

Era Infra shareholders approve and confirm corporate debt restructuring scheme on Wednesday

Oct 01, 2014 04:10 IST India Infoline News Service

Era Infra Engineering has received the approval of its shareholders to ratify and confirm the corporate debt restructuring scheme in relation to the company's debt, according to filing made by the company to BSE.
 
The company plans to issue issue equity shares on preferential basis on conversion of the whole or part of the restructured facilities.
 
Era Infra closed down 4.14% at Rs. 13.90 as against the previous close of Rs. 14.50 on BSE.

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