Brahmaputra Infrastructure Ltd enters into MRA with its lenders

Brahmaputra Infrastructure Limited (the "Company") has entered into a Master Restructuring Agreement (MRA) with its lenders, Indian Overseas Bank being a lead Bank.

The Company's lenders have agreed & approved the restructuring agreement and executed a Master Restructuring Agreement (MRA) at New Delhi.

The restructuring agreement is expected to improve the Company's financial position and enable it to continue to grow its business. The implementation of restructuring package is expected to take effect from 10th September 2023.

The Company's board of directors has unanimously approved the restructuring agreement in the board meeting held on 16th August 2023.

The Company believes that the restructuring agreement is in the best interests of its shareholders and creditors for future growth of the Company.

Shares of BRAHMAPUTRA INFRASTRUCTURE LTD. was last trading in BSE at Rs. 50.94 as compared to the previous close of Rs. 51.69. The total number of shares traded during the day was 48708 in over 147 trades.

The stock hit an intraday high of Rs. 52.00 and intraday low of 49.16. The net turnover during the day was Rs. 2485802.00.

Source : Equity Bulls

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BRAHMAPUTRAINFRASTRUCTURE INE320I01017 MasterRestructuringAgreement Lenders