BL Kashyap & Sons zooms on receiving approval for debt restructuring

05 Jan 2015

BL Kashyap & Sons is currently trading at Rs. 16.40, up by 1.25 points or 8.25% from its previous closing of Rs. 15.15 on the BSE.

The scrip opened at Rs. 16.50 and has touched a high and low of Rs. 17.40 and Rs. 15.50 respectively. So far 75530 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 20.58 on 23-Sep-2014 and a 52 week low of Rs. 5.03 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 17.40 and Rs. 13.95 respectively. The current market cap of the company is Rs. 311.24 crore.

The promoters holding in the company stood at 71.25% while Institutions and Non-Institutions held 8.85% and 19.90% respectively.

BL Kashyap & Sons has received an approval for restructuring of its debt by the CDR Empowered Group of Corporate Debt Restructuring Cell and communicated vide its Provisional Letter of Approval dated December 31, 2014. The company is in the process of executing Master Restructuring Agreement (MRA) with the CDR lenders.

BL Kashyap & Sons is engaged in the business of construction of factories and manufacturing facilities, IT campuses, commercial and residential complexes and malls.

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BL Kashyap & Sons Share Price

16.40 1.00 (6.49%) May 06, 12:33
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SEBI Registered: Investment Adviser - INA000013323