March 23 (Reuters) - Marg Ltd MARG.BO :
* MARG - KARAIKAL PORT TO ENTER INTO LOAN RESTRUCTURING DEAL WITH EDELWEISS ASSET RECONSTRUCTION CO, OTHERS AND PARTIALLY CONVERTING LOAN TO SHARES
* CO APPROVED PROPOSED SETTLEMENT LETTER ISSUED BY EDELWEISS ASSET RECONSTRUCTION CO W.R.T. RESTRUCTURING OF BORROWINGS OF CO
* CO APPROVED ISSUE OF SHARES TO EDELWEISS ASSET RECONSTRUCTION CO TO EXTENT OF 26 PERCENT OF POST ISSUE CAPITAL AS PART OF RESTRUCTURING
* SAYS SHAREHOLDING PERCENTAGE OF CO'S STAKE WILL BE DILUTED ; DILUTION TO BE 5.60 PERCENT OF RESTRUCTURED CAPITAL OF THE UNIT
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