/ Lanco Infratech Faces Bankruptcy Proceedings ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 20 June 2017

On Monday morning trade Electronic Utilities player Lanco Infratech took a nosedive although, major bars opened on a bullish note. RBI identified the dozen and preceding the bankruptcy against the company, and Dena Bank decide to repay its dues by taking a resolution to insolvency court.

Rs 7,799cr is a fund based exposure of the bank and non-fund based exposure stood at Rs 3,349cr in March 2016 the overall dues of the company are over Rs 17,000 Cr. The stock of the company is traded on a 52 week low of Rs 1.70/share and also breached lower circuit of Rs 1.70. 5260709 (NSE+BSE) shares were traded on the counter and had a market cap of the company is Rs 623.04cr. 

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