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Era Infra Engineering touches the roof on receiving LOA for its debt restructuring

31 Mar 2014

Era Infra Engineering is currently trading at its upper circuit limit of Rs. 13.35, up by 0.63 points or 4.95% from its previous closing of Rs. 12.72 on the BSE.

The scrip opened at Rs. 13.35 and has touched a high and low of Rs. 13.35 and Rs. 12.75 respectively. So far 11781 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 160.20 on 12-Jul-2013 and a 52 week low of Rs. 12.20 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 13.66 and Rs. 12.25 respectively. The current market cap of the company is Rs. 242.74 crore.

The promoters holding in the company stood at 59.14% while Institutions and Non-Institutions held 9.26% and 31.60% respectively.

Era Infra Engineering has received a letter of approval (LOA) from CDR-EG regarding restructuring of its debt under CDR mechanism. The company is in the process of executing master restructuring agreement (MRA) with the CDR lenders.

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.

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SEBI Registered: Investment Adviser - INA000013323