Mukand gains on exit from CDR mechanism

The CDR Empowered Group confirmed the exit from CDR mechanism vide its letter dated June 01, 2015

Shares of Mukand were up over 5% at Rs 39 on the Bombay Stock Exchange after the company in a release today said that the Corporate Debt Restructuring Empowered Group confirmed the exit of the account of Mukand from corporate debt restructuring mechanism.

The minutes of the meeting of CDR Empowered Group held on April 24, 2015 were confirmed on May 29, 2015 and the aforesaid decision was delivered vide its letter dated June 01, 2015, the release added.

The stock opened at Rs 36.70 and touched a high of Rs 41.50. At 12:05PM, over 190,000 shares were traded on both the stock exchanges.