Finquest Financial Solutions Private Limited (FFSPL) had had granted credit facilities to Ballarpur Industries Ltd which was secured by a pledge on 56,20,427 equity shares of M/s Premier Tissues (India) Limited (a Joint Venture of the Company) and a first pari passu charge on current assets of the Company. Since the Company has not been able to repay the entire facilities, FFSPL has invoked the said pledge and charge.
Shares of BALLARPUR INDUSTRIES LTD. was last trading in BSE at Rs.0.63 as compared to the previous close of Rs. 0.6. The total number of shares traded during the day was 10 in over 1 trades.
The stock hit an intraday high of Rs. 0.63 and intraday low of 0.63. The net turnover during the day was Rs. 6.