Lanco Infratech is currently trading at Rs. 14.82, up by 0.05 points or 0.34% from its previous closing of Rs. 14.77 on the BSE.
The scrip opened at Rs. 15.21 and has touched a high and low of Rs. 15.21 and Rs. 14.65 respectively. So far 2211287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.10 on 17-Feb-2012 and a 52 week low of Rs. 8.50 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 15.95 and Rs. 14.22 respectively. The current market cap of the company is Rs. 3570.77 crore.
The promoters holding in the company stood at 72.11% while Institutions and Non-Institutions held 7.82% and 20.08% respectively.
Lanco Infratech, the fastest growing business conglomerates in India, is in talks with some banks for an easier loan repayment schedule, as it is suffering from high dues from consumers and strain on its cash flow on account of lower capacity utilization. It is looking for extension of loan tenure and lowering of interest cost as some of its power plants have been idled by fuel shortages.
The company’s discussions are taking place without formally applying for a restructuring under the so-called Corporate Debt Restructuring Cell, as it is hopeful of making repayments. If the company's loans are indeed admitted for a formal restructuring, it would become the biggest ever at nearly Rs 23,000 crore.