Acquisitions22 Apr 2025, 01:13 pm
IL&FS Engineering and Construction Company: CoC Voted on Revised Financial Bid of Howen International Fund SPC
AI Summary
IL&FS Engineering and Construction Company Ltd. discloses the voting by the Committee of Creditors (CoC) on the resolution of the company. The CoC, comprising 82.58% in value, voted on the resolution with respect to the revised financial bid offered by Howen International Fund SPC for acquisition of 42.25% of the company's shareholding. The voting line was open till midnight on 25th April 2025. The trading window for dealing/trading in the securities of the company is closed for all Designated Persons till further notice. This update is in furtherance of the company's communication dated 23rd April 2022, intimating on the outcome of the Board Meeting on 22nd April 2022.
Key Highlights
- Committee of Creditors (CoC) voted on the resolution with respect to the revised financial bid offered by Howen International Fund SPC
- CoC comprises 82.58% in value
- The bid is for acquisition of 42.25% of the company's shareholding
- Trading window for dealing/trading in the securities of the company is closed for all Designated Persons till further notice
- This update is in furtherance of the company's communication dated 23rd April 2022