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Mandhana Industries surges on getting approval from Bank of Baroda for SDR

24 Oct 2016

Mandhana Industries is currently trading at Rs. 30.80, up by 0.50 points or 1.65% from its previous closing of Rs. 30.30 on the BSE.

The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.20 and Rs. 30.70 respectively. So far 29592 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.55 on 22-Mar-2016 and a 52 week low of Rs. 16.93 on 25-Jul-2016.

Last one week high and low of the scrip stood at Rs. 35.20 and Rs. 30.00 respectively. The current market cap of the company is Rs. 102.02 crore.

The promoters holding in the company stood at 57.58%, while institutions and non-institutions held 2.42% and 40.00% respectively.

Mandhana Industries has received in-principle approval from Bank of Baroda (Lead bank) for supplication for Strategic Debt Restructuring (SDR) for the Company and it is awaiting the advice and approval of the members banks (Term loan and working capital lenders).

Mandhana Industries is a vertically integrated textile and garment manufacturing company in India. Its operations and facilities enable it to manufacture a wide variety of value-added fabrics and garments through its integrated operations comprising of dyeing of yarns and fabrics, weaving operations for fabrics, processing solutions for both fabrics and garments, garment manufacturing, etc.

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