Ras Propack Updates on Rehabilitation of the Company by EPL

Ras Propack Lamipack Ltd (RPL) has announced about the progress made towards the revival of the Company by Essel Propack Ltd (EPL).

Pending approval of the Revival Scheme filed with the Board for Industrial and Financial Reconstruction (BIFR) by the Company along with EPL as Co-promoters, RPL has commenced operations under a Job Conversion Agreement with EPL.

The stock was trading at Rs.5.55, up by Rs.0.26 or 4.91%. The stock hit an intraday high of Rs.5.55 and low of Rs.5.10.

The total traded quantity was 35200 compared to 2 week average of 157014.

Source : Equity Bulls

Keywords