Kouton appoints SBI Cap to recast loan;stk surges
Shares of Kouton Retails gained momentum after the company appointed SBI Capitals to draft a debt recast scheme as it was unable to repay short-term debt.
By ET Bureau |
MUMBAI: Shares of Kouton Retails gained momentum after the company appointed SBI Capitals to draft a debt recast scheme as it was unable to repay short-term debt.
"The continuous downfall in the stock price has led to an inordinate delay in raising equity for the company. Because of this, we are being unable to meet the repayment obligations of short term loans," the company said in a statement.
The stock was at Rs 31.40, up 5.02 per cent on the NSE. It moved between a high of Rs 31.40 and low of Rs 31.40 in trade so far on volume of 447388 shares.
"The continuous downfall in the stock price has led to an inordinate delay in raising equity for the company. Because of this, we are being unable to meet the repayment obligations of short term loans," the company said in a statement.
The stock was at Rs 31.40, up 5.02 per cent on the NSE. It moved between a high of Rs 31.40 and low of Rs 31.40 in trade so far on volume of 447388 shares.
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