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Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
The subsidiary company has entered into agreement with Yellowstone DRC SARL, a private company incorporated in DRC.
Prudent ARC's binding offer of ₹311 crore has triggered a Swiss challenge auction for the hotel properties with total loans of ₹507 crore. Prudent's offer equates to a recovery of 61% for the housing finance company. HDFC has invited counteroffers from other asset reconstruction companies (ARCs) by June 26, a notice issued by the housing finance company stated.
MEP Infrastructure Developers rose 1.24% to Rs 16.35 after the company said it commenced tolling operations at Sergarh Fee Plaza in Odisha from 6 April 2021.The National Highways Authority of India (NHAI) has engaged MEP Infrastructure Developers as the contractor for the collection of user fee through e-tender for Sergarh Fee Plaza of NH-5 in the state of Odisha. The period of the said contract is one year till 6 April 2022. The contractual amount for the said project is Rs 62.73 crore payable to NHAI. On a consolidated basis, MEP Infrastructure Developers reported a net profit of Rs 82.10 ...