Published:June 21, 2017 2:10 am
Among other companies which are facing bankruptcy action, Bhushan Steel rose by 8.91 per cent and Amtek Auto by 9.17 per cent. (File Photo)
With banks planning to take up debt-laden Monnet Ispat & Energy for corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016, the companys shares surged on the bourses.
The stock closed higher by 16.94 per cent to Rs 35.20 on the BSE on Tuesday. Among other companies which are facing bankruptcy action, Bhushan Steel rose by 8.91 per cent and Amtek Auto by 9.17 per cent.
Lenders are likely to explore the process of resolu…
Read the full article at: http://indianexpress.com/article/business/companies/monnet-ispat-rises-16-94-percent-as-insolvency-process-begins-4714182/
