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Coffee Day Enterprises Shares Relists At Rs. 48.5/Share On NSE
Shares of Coffee Day Enterprises relisted on Monday at a price of Rs. 48.5 per share on the National Stock Exchange and at Rs.50.3 per share on the Bombay Stock Exchange.
Previously trading in the counter of Coffee Day Enterprises was suspended as the company did not complied with the listing norms related to the submission of quarterly financial results.
On January 13, the exchanges said that CDEL did not submitted the financial results for June 2019 and September 2019 quarters and and/or not paid the fine amount levied for the non-compliance, as required under the listing norms of the Securities and Exchange Board of India (Sebi).
Also, this month, the company reported default on the payment of interest or repayment of the principal outstanding against loansincluding revolving facilities like cash credit from banks and financial institutions.
The company has a debt of Rs 280 crore from banks or financial institutions.
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