The company said it will distribute Rs 208.56 crore at Rs 4.75 per unit to unit holders for the December quarter.
"A meeting of the board of directors of the company will be held on December 30, 2015, inter alia, to consider the proposal for issuance of Compulsory Convertible Debentures (CCDs) through preferential issue not exceeding 35 crore CCDs of Rs 10 each and seek shareholders' approval for the same," Lanco Infratech said in a regulatory filing.
Walmart invested in compulsory convertible debentures (CCDs) issued by Cedar Support Services Ltd, a subsidiary of Bharti Ventures, in 2010. The deadline for conversion of the CDDs into equities ended today.