MoneyWorks4Me

Bombay Rayon Fashions trades jubilantly on getting nod for Corporate Debt Restructuring

26 Sep 2013 Evaluate

Bombay Rayon Fashions is currently trading at Rs. 212.20, up by 7.40 points or 3.61% from its previous closing of Rs. 204.80 on the BSE.

The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 213.95 and Rs. 206.00 respectively. So far 792 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 278.90 on 27-Sep-2012 and a 52 week low of Rs. 180.00 on 13-Sep-2013.

Last one week high and low of the scrip stood at Rs. 224.90 and Rs. 197.60 respectively. The current market cap of the company is Rs. 2853.52 crore.

The promoters holding in the company stood at 93.04% while Institutions and Non-Institutions held 0.20% and 6.76% respectively.

Bombay Rayon Fashions has received an approval for signing the documents, agreements pertaining to Corporate Debt Restructuring (CDR). The board of director at its meeting held on September 25, 2013 has approved for the same.

The board also approved to increase the limit for borrowing and creation of security by way of pledge, mortgage on movable and immovable assets of the company, not exceeding to Rs 5,500 crore.

Bombay Rayon Fashions is engaged into manufacturing of fabrics and apparels. It manufactures one of the most versatile and technically advanced fabrics and apparels in India.

Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
View more..