The resolution plan submitted for the corporate insolvency resolution of ACIL Limited by Ramakrishna Forgings Limited as the resolution applicant has been approved by the committee of creditors of ACIL Limited at its meeting held on 14 August 2019, under the terms of the Insolvency and Bankruptcy Code, 2016 and subject to obtaining necessary approval from the Principal Bench of the National Company Law Tribunal, New Delhi. We have also accepted the letter of intent dated 14 August 2019, issued to us by the committee of creditors of ACIL Limited.
Shares of RAMKRISHNA FORGINGS LTD. was last trading in BSE at Rs.421.3 as compared to the previous close of Rs. 445.1. The total number of shares traded during the day was 147 in over 17 trades.
The stock hit an intraday high of Rs. 432 and intraday low of 421. The net turnover during the day was Rs. 62087.