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A2Z Infra Engineering gains on getting nod for OTS with Standard Chartered Bank

26 Feb 2018

A2Z Infra Engineering is currently trading at Rs. 35.00, up by 1.25 points or 3.70% from its previous closing of Rs. 33.75 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 35.20 and Rs. 34.30 respectively. So far 105535 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.70 on 26-Apr-2017 and a 52 week low of Rs. 31.50 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 34.25 and Rs. 32.00 respectively. The current market cap of the company is Rs. 505.35 crore.

The promoters holding in the company stood at 35.76%, while Institutions and Non-Institutions held 3.77% and 60.46% respectively.

A2Z Infra Engineering has received an approval for One Time Settlement (OTS) with Standard Chartered Bank towards debt settlement of Rs 344.93 crore, for a total consideration of Rs 120 crore and allotment of shares to the bank. The board of directors at its meeting held on February 23, 2018 has approved for the same.

A2Z Infra Engineering (previously known as A2Z Maintenance & Engineering Services) is primarily engaged in providing Engineering, Procurement and Construction (EPC) services in power transmission and distribution sector with focus on distribution.

Related A2Z Infra Engineering Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323