Unity Infraprojects has rallied 10% to Rs 22.45 on the BSE after the company said its board has approved referring to corporate debt restructuring cell of Reserve Bank of India (RBI).
The board of directors of the company at a special meeting held on 25 March 2014, approved the company to refer to corporate debt restructuring (CDR) cell of RBI under CDR system, Unity Infraprojects said in a statement.
The stock opened at Rs 21.55 and touched a low of Rs 21.50 so far. A combined 485,000 shares already changed hands on the counter so far against an average sub 200,000 shares that were traded daily in past two weeks on the BSE and NSE.
The board of directors of the company at a special meeting held on 25 March 2014, approved the company to refer to corporate debt restructuring (CDR) cell of RBI under CDR system, Unity Infraprojects said in a statement.
The stock opened at Rs 21.55 and touched a low of Rs 21.50 so far. A combined 485,000 shares already changed hands on the counter so far against an average sub 200,000 shares that were traded daily in past two weeks on the BSE and NSE.