Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lanco Infratech has informed that Reserve Bank of India (RBI) directed IDBI Bank, the lead bank of the Company to initiate Corporate Insolvency Resolution Process (CIRP) for LITL under the Insolvency and Bankruptcy Code, 2016. The CIRP is mandated at LITL level only with fund based outstanding exposure of Rs 7,799 Crores and non-fund based outstanding exposure of Rs 3,349 Crores as on March 31, 2016. In this regard, a meeting of lenders of LITL is scheduled by IDBI on Monday, June 19, 2017 at Mumbai to discuss on the mandate received on CIRP as directed by RBI.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Larsen & Toubro | 3657.55 |
Rail Vikas Nigam | 287.10 |
KEC International | 734.50 |
Kalpataru Projects | 1182.00 |
NCC | 247.35 |
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