Vardhman Polytex Limited in negotiation with banks for OTS

The Management of Vardhman Polytex Limited is in active discussion and negotiation with the lender banks and exploring various avenues to work out the debt resolution. The company has requested bankers for resolution of its accounts by way of One Time Settlement (OTS). OTS proposal of the company has been agreed by 80% of total lenders as on date. As and when the OTS is implemented, the company shall update accordingly.

Shares of VARDHMAN POLYTEX LTD. was last trading in BSE at Rs.11 as compared to the previous close of Rs. 10.48. The total number of shares traded during the day was 16885 in over 76 trades.

The stock hit an intraday high of Rs. 11 and intraday low of 10.95. The net turnover during the day was Rs. 185595.

Source : Equity Bulls

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