B. L. Kashyap and Sons approves CDR Package & Issuance of Letter of Provisional Approval

At 9.14 AM, the stock was up 8.90% at Rs. 16.50.

Jan 05, 2015 09:01 IST India Infoline News Service

B. L. Kashyap and Sons Ltd has informed BSE that the proposal of the Company regarding the restructuring of it's Debt has been approved by the CDR Empowered Group of Corporate Debt Restructuring Cell and communicated vide its Provisional Letter of Approval dated December 31, 2014.

The Company is in the process of executing Master Restructuring Agreement (MRA) with the CDR lenders.

At 9.14 AM, the stock was up 8.90% at Rs. 16.50. The stock has hit a high of Rs. 16.50 and a low of Rs. 16.50.

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