Himadri Speciality Chemical Ltd and Dalmia Bharat Refractories Ltd's resolution plan for Birla Tyres Ltd approved

Hon'ble National Company Law Tribunal, Kolkata Bench ("NCLT") has now approved verbally the resolution plan submitted jointly by the Company ("Strategic Partner") and Dalmia Bharat Refractories Limited ("DBRL"/ "Resolution Applicant") for acquisition of Birla Tyres Limited under the corporate insolvency resolution process ("CIRP") in terms of the Insolvency and Bankruptcy Code, 2016 ("IBC")

A written order from the NCLT is awaited.

Shares of Himadri Speciality Chemical Limited was last trading in BSE at Rs. 262.50 as compared to the previous close of Rs. 254.80. The total number of shares traded during the day was 145076 in over 3175 trades.

The stock hit an intraday high of Rs. 268.00 and intraday low of 252.15. The net turnover during the day was Rs. 37821473.00.

Source : Equity Bulls

Keywords

HimadriSpecialityChemical INE019C01026 DalmiaBharatRefractories ResolutionPlan NLCTApproval BirlaTyres