https://www.taxtmi.com/news?id=15998 Approval was given to convert a Working Capital Term Loan into equity by issuing preferential shares of Andrew Yule & Co. Ltd. to Bank of Baroda as a Qualified Institutional Buyer, with the issue price fixed under SEBI guidelines on the date of acquisition and face value of Rs. 2 per share. The conversion is intended to lower debt servicing, improve profitability, liquidity and the debt equity ratio, increase net worth through paid up capital and securities premium, and strengthen the balance sheet prior to further disinvestment. en-us Wed, 06 Apr 2016 15:52:50 +0530 Wed, 06 Apr 2016 15:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15998 Approval was given to convert a Working Capital Term Loan into equity by issuing preferential shares of Andrew Yule & Co. Ltd. to Bank of Baroda as a Qualified Institutional Buyer, with the issue price fixed under SEBI guidelines on the date of acquisition and face value of Rs. 2 per share. The conversion is intended to lower debt servicing, improve profitability, liquidity and the debt equity ratio, increase net worth through paid up capital and securities premium, and strengthen the balance sheet prior to further disinvestment. News - Wed, 06 Apr 2016 15:52:50 +0530 https://www.taxtmi.com/news?id=15998