Brief: Reliance Defence and Engineering gets approval to exit CDR scheme

Swan Defence and Heavy Industries

02/05/2017 09:35

May 2 (Reuters) - Reliance Defence And Engineering Ltd 
 RELD.NS  
    * Reliance Defence And Engineering Limited has received 
approval from CDR empowered group for exiting from CDR scheme 
    * Says door-to-door tenure of RDEL's term loans stands 
extended to 18 years 
    * Says RInfra through its subsidiary has increased its 
shareholding in RDEL to nearly 31% 
    * Says RDEL's existing debt of about INR 6.50 billion will 
be converted into shares at INR 59.35 per share 
 
Source text for Eikon:  ID:nBSEl9Gqb  
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