Tulip Telecom is locked at upper circuit limit at Rs. 7.85, up by 0.37 points or 4.95% from its previous closing of Rs. 7.48 on the BSE.
The scrip opened at Rs. 7.83 and has touched a high and low of Rs. 7.85 and Rs. 7.60 respectively. So far 26,000 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.00 on 08-Aug-2012 and a 52 week low of Rs. 6.66 on 28-Jun-2013.
Last one week high and low of the scrip stood at Rs. 8.79 and Rs. 7.04 respectively. The current market cap of the company is Rs. 113.00 crore.
The promoters holding in the company stood at 26.34% while Institutions and Non-Institutions held 18.99% and 54.67% respectively.
Tulip Telecom, the country’s leading Enterprise Data Services provider, has implemented its Corporate Debt Restructuring (CDR) package with signing of the Master Restructuring Agreement (MRA). The company had earlier filed for restructuring of its debt in December 2012, under India’s CDR mechanism and had subsequently got final approval from the CDR.
The package covers 12 year door-to-door repayment plan; reduction in interest rates by approximately two and half percent; one and half year moratorium on interest and two and half year moratorium on principal. The promoters infusion of approximately Rs 60 crore under CDR requirement is been completed.
Tulip Telecom is India’s leading Enterprise Data Services provider. The company’s data network has the largest reach of over 2,000 locations globally. The company designs, implements and manages communications networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed services and data centers.
The scrip opened at Rs. 7.83 and has touched a high and low of Rs. 7.85 and Rs. 7.60 respectively. So far 26,000 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.00 on 08-Aug-2012 and a 52 week low of Rs. 6.66 on 28-Jun-2013.
Last one week high and low of the scrip stood at Rs. 8.79 and Rs. 7.04 respectively. The current market cap of the company is Rs. 113.00 crore.
The promoters holding in the company stood at 26.34% while Institutions and Non-Institutions held 18.99% and 54.67% respectively.
Tulip Telecom, the country’s leading Enterprise Data Services provider, has implemented its Corporate Debt Restructuring (CDR) package with signing of the Master Restructuring Agreement (MRA). The company had earlier filed for restructuring of its debt in December 2012, under India’s CDR mechanism and had subsequently got final approval from the CDR.
The package covers 12 year door-to-door repayment plan; reduction in interest rates by approximately two and half percent; one and half year moratorium on interest and two and half year moratorium on principal. The promoters infusion of approximately Rs 60 crore under CDR requirement is been completed.
Tulip Telecom is India’s leading Enterprise Data Services provider. The company’s data network has the largest reach of over 2,000 locations globally. The company designs, implements and manages communications networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed services and data centers.
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