Jupiter Wagons emerges successful resolution applicant for Stone India

17 Oct 2022 , 10:53 AM

The board of directors of Jupiter Wagons Limited (“JWL”) at its meeting held on October 15, 2022 has taken on record the letter of intent received in the matter of Stone India Limited by the Resolution Professional with respect to the “Declaration of the Successful Resolution Applicant and Intimation of Approval of the Plan & Issue of the Letter of Intent” (“LoI”)”.

As per the voting results, the resolution plan submitted by JWL has been approved by the COC unanimously. Hence JWL has been identified as the ‘Successful Resolution Applicant’, the company said in a filing.

At around 10:56 AM, Jupiter Wagons was trading at Rs73.25 per share lower by 0.07% on the BSE. Previously, the scrip ended at Rs73.30 per share on the BSE platform.

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