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The latest announcement is out from DB Corp. Ltd. ( (IN:DBCORP) ).
D.B. Corp Limited announced that the National Company Law Tribunal (NCLT) in Ahmedabad has dismissed a petition filed by Go Paper GmbH & Co. KG, which sought to initiate a corporate insolvency resolution process against the company. The dismissal was based on the existence of a pre-existing dispute between the parties, which impacts the company’s operations by alleviating immediate insolvency concerns and potentially stabilizing its market position.
More about DB Corp. Ltd.
D.B. Corp Limited operates in the media industry, primarily focusing on publishing newspapers and magazines. The company is known for its diverse media offerings, catering to a wide audience across India.
Average Trading Volume: 10,320
Technical Sentiment Signal: Strong Buy
Current Market Cap: 50.24B INR
For a thorough assessment of DBCORP stock, go to TipRanks’ Stock Analysis page.