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Morarjee Textiles Limited ( (IN:MORARJEE) ) has issued an announcement.
Morarjee Textiles Limited has entered the Corporate Insolvency Resolution Process, with a resolution plan approved by the Committee of Creditors and submitted to the National Company Law Tribunal for approval. This development indicates a significant step in the company’s restructuring efforts, potentially impacting its operations and stakeholders as it seeks to resolve financial challenges.
More about Morarjee Textiles Limited
Morarjee Textiles Limited is part of the Ashok Piramal Group and operates in the textile industry. The company is involved in the production of textiles and is based in Maharashtra, India.
YTD Price Performance: -45.75%
Average Trading Volume: 9,837
Current Market Cap: 199.5M INR
For detailed information about MORARJEE stock, go to TipRanks’ Stock Analysis page.