Synopsis: Dharan Infra-EPC Limited has taken a key step toward coming out of insolvency after settling all its dues with its main lender. The company’s suspended board has responded to have fully repaid Tata Capital Housing Finance, leading to further developments.
The shares of this micro cap company majorly engaged in the business of real estate construction, development, civil contracts and other EPC related activities, jumped upto 5 percent after settling all its dues and possible exit of insolvency.
With the market capitalization of Rs. 136 Crores, the shares of Dharan Infra-EPC Ltd were trading at around Rs. 0.25 per share, raising nearly 5 percent from its previous day close of Rs. 0.24 per share.