Flexituff Ventures International Ltd to undergo forensic audit for debt restructuring

Flexituff Ventures International Limited had submitted a request for debt restructuring to the bank.

The UCO Bank, the leader of the consortium, has accepted the request. As per the RBI guidelines for restructuring, the UCO Bank has to initiate forensic audit, get a TEV report conducted and also apply to the rating agency to get the desired rating.

In this respect, UCO Bank - vide their letter dated 26.11.2021, has informed the company for appointment of a forensic auditor to conduct the audit in respect of the proposed restructuring proposal.

The company is committed to extend its fullest cooperation to complete the audit. The company will inform the exchanges regarding further development in the matter.

Shares of Flexituff Ventures International Limited was last trading in BSE at Rs. 41.90 as compared to the previous close of Rs. 39.95. The total number of shares traded during the day was 11456 in over 82 trades.

The stock hit an intraday high of Rs. 41.90 and intraday low of 40.85. The net turnover during the day was Rs. 478613.00.

Source : Equity Bulls

Keywords

FlexituffVenturesInternational INE060J01017 ForensicAudit DebtRestructuring