Western India Shipyard - Outcome of Board Meeting
As per anticipation, stock is locked in UC with 30L+ shares on the buy side, with no offers.
This will do well. Hold onto it…..
Lloyd Metals also doing extremely well. Shashun to pick up in the next 1 to 2 quarters.
KKP
Balkrishna Agarwal wrote: > Western India Shipyard Ltd has informed BSE that the Board of > Directors of the Company at its meeting held on September 12, 2007, > has considered & approved the proposal for revival and rehabilitation > of the Company in terms of a scheme of compromise and arrangement > between the Company and its secured lenders, with ABG Shipyard Ltd > (ABG) as a confirming party, under Sections 391-394 of the Companies > Act 1956 (the “scheme”). The Scheme provides certain options for the > restructuring/one time settlement of the debt of the secured lenders > of the Company with the involvement of ABG, along with other matters > connected with the compromise and arrangement, including > reorganization of share capital of the Company. > > All the above are subject to requisite approvals including those of > Stock Exchanges under the Listing Agreement, shareholders, creditors, > any regulatory authorities and sanction of the scheme of compromise > and arrangement in terms thereof by the High Court of Bombay at > Panaji, Goa. > > The scheme of compromise and arrangement as finalized will be filed > separately with the Stock Exchange. > > (Source-Bseindia) > > Regards, > Balkrishna Agarwal > > >
