Karuturi Global continues to gain for second day - The New Indian Express

Karuturi Global continues to gain for second day

Published: 08th March 2013 11:18 AM

Last Updated: 08th March 2013 11:18 AM

Karuturi Global continued to gain for the second day after the company received approval on Thursday from bond holders for restricting of outstanding FCCBs amounting to USD 39 million through a written resolution.

The written resolution involves extension of maturity of the current FCCBs, part redemption of the FCCBs and part refinance by cashless exchange of FCCBs for new FCCBs subject to RBI approval. The company has approached RBI for approval for restructuring. Shares ofthe companyare trading at Rs 3.34, up Rs 0.16, or 5.03% at the Bombay Stock Exchange (BSE) on Friday at 9:59 a.m.The scrip has touched an intra-day high of Rs 3.36 and low of Rs 3.23. The total volume of shares traded at the BSE is 98,349.In the earlier session, the shares climbed 7.07%, or Rs 0.21, at Rs 3.18. Currently, the stock is trading down 42.41% from its 52-week high of Rs 5.80 and above 25.56% over the 52-week low of Rs 2.66.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2.87 0.31 10.80 1 Month 2.84 0.34 11.97 3 Months 3.49 (0.31) (8.88) 6 Months 3.63 (0.45) (12.40) 1 Year 5.58 (2.40) (43.01) Note: Based on previous day closing price.

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