Business Standard

Hindustan National Glass zooms 53% in three days on debt resolution plan

The stock locked in upper circuit of 20% for the second straight day at Rs 127 on the BSE after the company announced the resolution plan/compromise offer for the settlement of dues.

Hindustan National Glass zooms 53% in three days on debt resolution plan
Premium

SI Reporter Mumbai
Hindustan National Glass & Industries was locked in upper circuit of 20% for the second straight session at Rs 127 on the BSE after the company announced the resolution plan/compromise offer for the settlement of dues.

In the past three days, the stock has zoomed 53% from Rs 83 on August 27, 2018, as compared 0.5% decline in the S&P BSE Sensex. Till 11:12 am; a combined 299,590 equity shares changed hands and there were pending buy orders for 53,378 shares on the BSE and NSE.

“The secured lenders have agreed to implement a resolution plan/compromise offer for

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2018 | 11:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com