India: acquisition of 11.24% of Gharibwal Cement announcement by Silkbank Limited

India: acquisition of 11.24% of Gharibwal Cement announcement by Silkbank Limited
Published: 22 November 2011

The Silkbank Ltd has entered into a debt-equity swap transaction with the Sponsors of Gharibwal Cement Ltd GCL), whereby the bank has acquired 45m shares (11.24%) of GCL.