Lenders to convert a part of Rs 3500 crore loan of Shiv-Vani Oil into equity 

MUMBAI: Lenders of Shiv-Vani OilBSE -1.93 % & Gas Exploration Services would soon convert a part of their Rs 3500 crore debt into equity under the strategic debt restructuring (SDR) scheme. The company informed the stock exchange about SDR and increase authorised capital from Rs 230 crore to Rs 600 crore. Promoters hold 27% stake in the company followed by ICICI BankBSE -0.37 % with 9.88%, L&T Finance with 3.77% and Templeton Strategic Emerging Markets Fund holding 7.2% stake in the c .. 

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