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.