Promoter Group Buys 3,782 Unlisted CCPS from Union Bank

M/s. Gyanshankar E-Trading LLP, part of the Promoter Group of Bharat Wire Ropes Ltd, has acquired 3,782 unlisted Compulsorily Convertible Preference Shares (CCPS) from Union Bank of India (UK) Limited via an off-market transaction. This acquisition follows the allotment of 38,266 unlisted CCPS to a Consortium of Banks, converting a loan of ₹382.66 crores as part of a Resolution Plan sanctioned in FY 2020-21. The company states that this transaction does not alter the total paid-up capital at this stage.