EPC contractor hits 5% upper circuit on debt restructuring
An EPC contractor's shares hit a 5% upper circuit on BSE after signing a ₹1,516 crore debt restructuring agreement. The stock trades at ₹8.1, with a market cap of ₹139 crores, despite a 26% decline over the past year.
pre-market1 source ↓written by the desknot a recommendation
- on BSE
- 5% upper circuit
- debt into debentures
- ₹1,516 crore
- trading
- ₹8.1
- market cap
- ₹139 crores
- over the past
- 26% decline
Shares of an EPC contractor surged to a 5% upper circuit on BSE after signing a Master Restructuring Agreement (MRA) to restructure ₹1,516 crore debt into debentures. This move aims to enhance financial stability without requiring fresh funding under RBI guidelines.
The stock, trading at ₹8.1, has a market cap of ₹139 crores, despite facing a 26% decline over the past year. This restructuring could improve market sentiment for the company.
Not investment advice. For informational purposes only.