Shriram EPC witnessed a sharp increase in share prices on Wednesday after the corporate debt restructuring (CDR) cell has approved Rs 25.3 billion debt recast proposal for the company.

The company has also sought additional funding from the banks.

Shares of the company are trading at Rs 33.40, up Rs 4.9, or 17.19% at the Bombay Stock Exchange (BSE) on Wednesday at 10:52 a.m.

The scrip has touched an intra-day high of Rs 34.20 and low of Rs 31.45. The total volume of shares traded at the BSE is 165,313.