IM+ Capital's resolution plan approved by Fedders Electric & Engineering committee; Stock zooms 5%

The current market cap of the company is Rs20.20cr.

Jun 22, 2021 10:06 IST India Infoline News Service

IM+ Capitals Ltd has informed that the resolution plan submitted by the company and as approved by the committee of creditors of Fedders Electric & Engineering Limited ("Corporate Debtor") in the Corporate Insolvency Resolution Process ("CIRP") and letter of intent dated 19th June 2021 received by the company, and resolution plan shall be implemented in the terms ("letter of Intent").

The current market cap of the company is Rs20.20cr.

At around 10:35 AM, IM+ Capitals was trading at Rs60.55 per piece up by Rs2.85 or 4.94%.

Previously the scrip was closed at Rs57.70 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)