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4 months ago
BRIEF-Reliance Defence and Engineering gets approval to exit CDR scheme
May 2, 2017 / 8:42 AM / 4 months ago

BRIEF-Reliance Defence and Engineering gets approval to exit CDR scheme

May 2 (Reuters) - Reliance Defence And Engineering Ltd

* 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: Further company coverage:

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