IM+ CAPITALS Ltd's resolution plan accepted for Fedders Electric & Engineering Limited

The resolution plan submitted by IM+ CAPITALS LIMITED ("Resolution Applicant") and as approved by the committee of creditors of Fedders Electric & Engineering Limited ("Corporate Debtor") in the Corporate Insolvency Resolution Process ("CIRP") and letter of intent dated 19.06.2021 received by the company, and resolution plan shall be implemented in the terms ("letter of Intent").

Shares of IM+ Capitals Limited was last trading in BSE at Rs.57.7 as compared to the previous close of Rs. 55. The total number of shares traded during the day was 560 in over 7 trades.

The stock hit an intraday high of Rs. 57.75 and intraday low of 55. The net turnover during the day was Rs. 32036.

Source : Equity Bulls

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