Business Standard

Wockhardt up 2.42%

DALAL STREET SPIKES

Related News

The stock gained 2.42 per cent to Rs 175.55 after the company and its Singapore-based lender reached an out-of-court settlement ending their battle over repayment of Rs 44 crore working taken in 2007.

The company will settle the loan at a 19 per cent discount, paying Rs 37 crore to DBS, according to the terms of the consent decree signed on Saturday. Last month, DBS had filed a winding-up petition in the Bombay High Court against Wockhardt, seeking an order to liquidate the company to recover dues.

Read more on:   
|
|
|

Quick Links

 

Market News

Coffee exports decline 5.4% in Jan-Aug

However, exporters' earnings were up 4% to Rs 3,590 cr on higher unit value realisations

MCX-SX shifts data centre to BKC to reduce technology cost

Exchange began trading from new centre with effect from Monday

BSE-USE merger gets regulatorynod

Two exchanges had agreed to merge with each other in May this year

Sensex, corp earnings set to double in 4 years: BofA-ML

Says Indian Sensex is the best performing market among major global markets so far this year

Nifty ends above 8,000 for the first time on GDP data

Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, to surpass the 8,000 mark

Back to Top