BIFR approves revival scheme of EPC Industries

EPC Industrie Ltd has announced that the Hon'ble Board for Industrial and Financial Corporation (BIFR) vide its Order dated March 06, 2007 has approved the Revival Scheme of the Company granting certain relief and concessions.

Accordingly, the Company has settled all its Secured Creditors i.e. Non Convertible Debentures as well as working capital facilities granted by the consortium of bankers under the One Time Settlement Scheme.

The stock closed the day at Rs.27.40, up by Re.0.50 or 1.86%. The stock hit an intraday high of Rs.27.40 and low of Rs.26.90. The total traded quantity was 2704 shares compared to 2 week average of 1604.

Source : Equity Bulls

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