Videocon shares plunge around 5% on CIRP commencement
Tuesday - June 12, 2018 9:52 pm ,
Category : BUSINESS
Mumbai June 12 (IANS) Videocon Industries stocks plunged more than 4.90 per cent on Tuesday a day after it said that "Corporate Insolvency Resolution Process" (CIRP) has been commenced against the company.
According to the BSE data the company s scrip closed at Rs 7.56 per equity share down Rs 0.39 or 4.91 per cent from its previous close of Rs 7.95.
The company on Monday in a regulatory filing said that the National Company Law Tribunal Mumbai Bench has admitted "the reference for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of Videocon Industries...."
--IANS rv/bg
According to the BSE data the company s scrip closed at Rs 7.56 per equity share down Rs 0.39 or 4.91 per cent from its previous close of Rs 7.95.
The company on Monday in a regulatory filing said that the National Company Law Tribunal Mumbai Bench has admitted "the reference for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of Videocon Industries...."
--IANS rv/bg
