NR Agarwal Industries has informed the exchanges that it has exited from corporate debt restructuring (CDR).
In a post-market-hours disclosure to the exchanges, the paper manufacturer said the CDR Cell, vide its letter dated August 30, had approved the exit of the company, subject to payment of recompense amount.
The company has received a letter from Bank of Baroda confirming earmarking of the recompense amount. Analysts will keep a close watch on the develoments.