Maharashtra Seamless Ltd has today made payment of Rs. 477 Crore for acquisition of United Seamless Tubulaar Private Limited (USTPL) under the Corporate Insolvency Resolution Process ('CIRP') under the Insolvency and Bankruptcy Code 2016 ('IBC') as approved by Hon'ble Hyderabad Bench of National Company Law Tribunal ("NCLT").
Shares of MAHARASHTRA SEAMLESS LTD. was last trading in BSE at Rs.445.05 as compared to the previous close of Rs. 459.05. The total number of shares traded during the day was 4459 in over 155 trades.
The stock hit an intraday high of Rs. 460 and intraday low of 445.05. The net turnover during the day was Rs. 2020684.