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Rishi Laser enters into settlement agreement with ACRE

04 Jan 2016 Evaluate

Rishi Laser has entered into a Settlement Agreement with Assets Care & Reconstruction Enterprise (ACRE) with regard to the assignment of debt by State Bank of India (SBI) to ACRE.

Rishi Laser is an India-based company, which is engaged in manufacturing of steel fabrications and assemblies for a range of engineering industries. The Company offers a range of services, including contract manufacturing, design and development, punching, sheet steel fabrication, bending, laser cutting, welding, oxyfuel/plasma cutting and surface treatment.

Peers
Company Name CMP
Bharat Heavy Elect. 434.10
Thermax 3325.75
Kirloskar Industries 3449.15
Skipper 525.65
INDO-MIM 1181.70
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