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Aplab to make CDR application to Corporation Bank, Bank of Maharashtra

02 Sep 2014 Evaluate

Aplab has received an approval to make Corporate Debt Restructuring (CDR) application to Corporation Bank and Bank of Maharashtra. This step has been taken in view of the present financial condition and large outstanding debts. The board of directors at its meeting held on August 28, 2014 has approved for the same.

Aplab Limited, incorporated in 1962 is recognized as a technology-driven professional company in business sectors like telecommunication, information technology, retail banking, retail fuel dispensing and power control & conditioning.

Peers
Company Name CMP
Waaree Energies 2555.00
Apar Industries 16051.80
Havells India 1123.80
Suzlon Energy 41.92
Siemens 3625.00
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