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Surana Industries board approves CDR proposal
Source: IRIS | 21 Mar, 2014, 03.55PM
Rating: NAN / 5 stars.
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Surana Industries announced on Friday that its board of directors has accepted the final Letter of Approval (LOA) issued by Corporate Debt Restructuring Empowered Group (CDR EG) approving the Corporate Debt Restructuring proposal.

The board of directors has passed necessary resolutions for the implementation of the approved Corporate Debt Restructuring scheme.

Shares of the company declined Rs 1.95, or 4.40%, to settle at Rs 46.30 (Friday).
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