 "HFCL exit from the CDR mechanism; stock hits 9-year high")
Himachal Futuristic Communications (HFCL) hit an over nine-year high of Rs 30.10, up 8% on the National Stock Exchange (NSE) in intra-day trade, after the company said it was no longer under the Corporate Debt Restructuring (CDR) mechanism. The stock was trading at its highest level since February, 2008.
“Since the Company has completed all the formalities related to exit from CDR mechanism, the CDR Cell vide its letter no. BY CDR (DAP) No. 2018/2017-18 dated 1st September, 2017 which was received by us on 12th September, 2017, has informed the Company about successful exit of the Company from
“Since the Company has completed all the formalities related to exit from CDR mechanism, the CDR Cell vide its letter no. BY CDR (DAP) No. 2018/2017-18 dated 1st September, 2017 which was received by us on 12th September, 2017, has informed the Company about successful exit of the Company from
