/ Lanco Dips Below & IDBI Bank Is To Initiate CIRL For LITL ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 19 June 2017

On last Saturday Lanco Infratech Limited informed the nurses that the RBI has directed the company’s lead bank, under the Insolvency and Bankruptcy Code 2016, IDBI Bank Ltd to initiate Corporate Insolvency Resolution Process (CIRP) for LITL.

The Lanco has an operation in the fields of procurement, engineering and construction, solar, resources, infrastructure and power. It is an independent power producer company.

On the BSE, the stock of a company is trading lower by.76% at Rs 2.17/share and hit a 52-week low of Rs 2.17 on Monday’s trading, over a period of a one year the stock has underperformed BSE Small-cap and nifty infrastructures with closest peers are GE Power India Techno Electric and Engineering Company.

The current market cap is Rs 778.81cr and have a 12002960 (NSE+BSE) shares traded on the counter.

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