ARSS Infrastructure Projects is locked in 5% upper circuit at Rs 115.75 for the second straight session after its board approved the proposal of Corporate Debt Restructuring System (CDR System).
“The board of directors of the company at its meeting held on December 22, 2011, approved the proposal of CDR System for the purpose of restructuring of the various loans / advances taken from various banks/financial institutions," the constructions and engineering company said in a filing to the stock exchanges.
The stock rallied 10.2% from Rs 105 on December 22, 2011 on the Bombay Stock Exchange (BSE).
A combined 18,921 shares have changed hands on the counter so far on the NSE and BSE. There are pending buy orders for 60,445 shares on both the exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app