It has further listed the matter for hearing on March 27

NCLAT provides interim relief to the Khaitans, the erstwhile promoters of McLeod Russel

Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement

Some relief for Khaitans as McLeod Russel gets interim stay in CIRP

McLeod Russel’s revenue from operations on a standalone basis increased by nearly 22% at ₹412 crore

McLeod Russel net loss widens

The Kolkata bench of the National Company Law Tribunal (NCLT) has appointed Ritesh Prasad Adatiya as the interim resolution professional (IRP).

NCLT admits plea against McLeod Russel under IBC

IL&FS sought to initiate CIRP against McLeod Russel in connection with a default in payment in 2019

NCLT admits application seeking CIRP against McLeod Russel India

McLeod’s debt currently stands at over ₹1,700 crore

McLeod Russel India board approves pact with Carbon Resources for debt settlement

The agreement expresses the parties’ interests in continuing exclusive discussions in the matter and does not create any legally binding obligation on any party, it added

McLeod Russel in exclusive talks with Carbon Resources for OTS to lenders

Stocks to watch today: Shares of firms like KFin Technologies, SBI, Airtel, LIC, McLeod Russel, and others will be in focus in Thursday’s trade.

Stocks to Watch Today: KFin Technologies, SBI, Airtel, LIC, McLeod Russel, and Others

Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.

Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel

As part of the restructuring with secured lenders, debt-laden McLeod Russel India Ltd is in the process of negotiating with “multiple investors” to monetise assets and infuse fresh capital, but these talks are still in the fluid stages and nothing

McLeod negotiates with investors to monetise assets, infuse fresh capital

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

McLeod Russel India Limited is engaged in manufacturing of tea in India.