Mysore Paper Mills referred to BIFR

by khalid on 27/11/2010 · 0 comments

Mysore Paper Mills Ltd has informed the share market (BSE) that the net loss of Rs 77.23 crores with the accumulated loss of Rs. 32.02 crores (aggregating to Rs. 109.25 crores) has exceeded the threshold limit of 50% of networth, thereby, the company has become a potentially Sick Industrial Company and as per the statutory provisions, the company is required to make reference to the Board for Industrial & Financial Reconstruction (BIFR). The Mysore Paper Mills Limited (MPM) is engaged in manufacturing of newsprint, writing and printing paper, and sugar. The Company operates in two business segments, paper and sugar.

Share’s Data :-
BSE Code : 502405
Mkt. Cap: 80.61 Crore
Mysore Paper Mills Ltd. share’s CMP is Rs 6.78 on 28th Nov 2010.

Source: BelltheBull

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