SBI approves resolution plan of Rajshree Sugars and Chemicals Ltd

Pursuant to our proposal submitted by Rajshree Sugars and Chemicals Ltd to the lender banks for restructuring the debt of the Company, the Lead Lender M/s. State Bank of India has accorded its approval for the Resolution Plan vide Sanction Letter dated 20th May 2021.

The company is awaiting approvals of the Resolution Plan from the other lender banks.

Shares of RAJSHREE SUGARS & CHEMICALS LTD. was last trading in BSE at Rs.21.45 as compared to the previous close of Rs. 22.55. The total number of shares traded during the day was 3614 in over 46 trades.

The stock hit an intraday high of Rs. 22.3 and intraday low of 21.45. The net turnover during the day was Rs. 78354.

Source : Equity Bulls

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