The company has clarified that they are working within the framework of Corporate Debt Restructuring (CDR) Scheme and our principal repayment of loans are yet to start.
Shares of ABG Shipyard were lower by 18% to Rs. 140.
The stock has hit a high of Rs. 173 and a low of Rs. 137.
The company has clarified that they are working within the framework of Corporate Debt Restructuring (CDR) Scheme and our principal repayment of loans are yet to start. Therefore, the news article in 'Economic Times’ may be their views.
The Exchange had sought clarification from ABG Shipyard Ltd with respect to news appearing in The Economic Times on May 15, 2015 titled "ABG Defaults on Restructured Loan."
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