Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 August, 2018 11:38 IST
Reliance update on resolution plan submitted for Alok Industries
Source: IRIS | 16 Apr, 2018, 11.18AM
Comments  |  Post Comment

Reliance Industries announced that the company in conjunction with JM Financial Asset Reconstruction Company submitted a resolution plan for Alok Industries. They have been informed that the plan did not meet with the approval of the Committee of Creditors of Alok Industries as required under the Insolvency and Bankruptcy Code.

The stock had underperformed the market over the past one month till Apr. 13, 2018, falling 0.19% compared with the Sensex's 0.99% rise. It underperformed the market in past one quarter, declining 2.03% as against 1.16% fall in the Sensex.

Shares of the company declined Rs 8.45, or 0.9%, to trade at Rs 930.40. The total volume of shares traded was 38,446 at the BSE (11.04 a.m., Monday).



Alok Industries Limited   (Q,N,C,F)*

Reliance Industries Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Man Infraconstruction intimates of arbitral award in favour of subsidiary Manaj Tollway - 21-Aug-2018 10:44
Lupin receives FDA approval for generic Hydrocortisone Butyrate Lotion - 21-Aug-2018 10:36
Tanla Solutions acquires Karix Mobile for Rs 3.40 bn - 21-Aug-2018 09:31
Indian Hume Pipe Co bags work order worth Rs 2.56 bn - 20-Aug-2018 16:17
Multi Commodity Exchange of India signs MoU with Indian Cotton Federation - 20-Aug-2018 16:12
Ratnamani Metals & Tubes wins orders worth Rs 1.55 bn - 20-Aug-2018 10:00
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer