Arshiya gains on accepting conditions issued by CDR cell for debt restructuring

28 Mar 2014 Evaluate

Arshiya is currently trading at Rs. 17.34, up by 0.68 points or 4.08 % from its previous closing of Rs. 16.66 on the BSE.

The scrip opened at Rs. 16.90 and has touched a high and low of Rs. 17.49 and Rs. 16.27 respectively. So far 103977 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 29.65 on 07-May-2013 and a 52 week low of Rs. 9.92 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 18.00 and Rs. 13.05 respectively. The current market cap of the company is Rs. 106.19 crore.

The promoters holding in the company stood at 36.88 % while Institutions and Non-Institutions held 3.72 % and 59.40 % respectively.

Arshiya International’s board at its meeting held on March 27, 2014, took cognizance of the restructuring package and accepted the contents of the letter dated March 21, 2014 issued by CDR cell including condition of Rs 221.61 crore required to be brought in by the promoters of the company as promoters contribution under CDR Scheme.

Out of above, Rs 37.44 crore to be towards contribution of conversion of warrants by promoters at Rs 145 per share, and balance amount of Rs 184.17 crore towards contribution of shares as per SEBI guidelines in compliance with extant regulatory guidelines.

Arshiya International is engaged in providing end-to-end logistics and supply chain solutions to customers across the world. The company’s offices are located at Singapore, Australia, Dubai, Qatar, Oman and the United States. The company offers solutions in areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services.

Arshiya Share Price

5.96 0.03 (0.51%)
16-May-2024 13:41 View Price Chart
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