May 02, 2013, 12.36 PM IST
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Nitco to seek shareholders nod for debt recast, stock up 6%
Tile manufacturer Nitco's shares gained more than six percent on Thursday as the company seeks the approval of shareholders for corporate debt restructuring scheme approved by the Corporate Debt Restructuring Empowered Group.
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Nitco to seek shareholders nod for debt recast, stock up 6%
Tile manufacturer Nitco's shares gained more than six percent on Thursday as the company seeks the approval of shareholders for corporate debt restructuring scheme approved by the Corporate Debt Restructuring Empowered Group.
Also Read - Kajaria Ceramics Q4 net profit jumps 42% to Rs 33.4 cr
The board of directors of the company also decided to seek shareholders' approval for issue of equity shares on preferential basis.
The stock rallied 33 percent in last one month. At 12:16 hours IST, it was quoting at Rs 16.25, up 6.35 percent on Bombay Stock Exchange.
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