Steel Exchange India Limited had earlier announced the debt resolution scheme by way OTS (One Time Settlement Scheme) with lenders of the company. It had received OTS sanctions from 93% of the Lenders.
Now, the company has received OTS Sanctions Letters from the remaining Lenders of the consortium of Banks led by SBI (State Bank of India) taking it to 100% approval of existing Lenders.
Shares of STEEL EXCHANGE INDIA LTD. was last trading in BSE at Rs.50 as compared to the previous close of Rs. 49.05. The total number of shares traded during the day was 16032 in over 225 trades.
The stock hit an intraday high of Rs. 50.9 and intraday low of 46.75. The net turnover during the day was Rs. 789956.