Era Infra climbs on debt restructuring nod under CDR System - The New Indian Express

Era Infra climbs on debt restructuring nod under CDR System

Published: 31st March 2014 04:19 PM

Last Updated: 31st March 2014 04:19 PM

Era Infra Engineering (EIEL) an integrated infrastructure company, climbed on Monday after the empowered group on corporate debt restructuring has approved the company's debt recast proposal under CDR mechanism.

The company is in the process of executing master restructuring agreement (MRA) with the CDR lenders, it said.Shares ofthe companyare trading at Rs 13.35, up Rs 0.63, or 4.95% at the Bombay Stock Exchange (BSE) on Monday at 2:13 p.m.The scrip has touched an intra-day high of Rs 13.35 and low of Rs 12.75. The total volume of shares traded at the BSE is 11,803.In the earlier session, the shares climbed 0.24%, or Rs 0.03, at Rs 12.72. Currently, the stock is trading down 91.67% from its 52-week high of Rs 160.20 and above 9.43% over the 52-week low of Rs 12.20.

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