Alps Industries share price declined nearly 5 percent intraday on January 3 as the company defaulted on interest as well as the principal loan amount.
The default amount of Rs 719.38 crore includes Rs 713.85 crore to Edelweiss Assets Reconstruction Company and Rs 5.53 crore to HDFC Bank. The payment was due January 1, 2020.
There were pending sell orders of 11,863 shares, with no buyers available.
At 1121 hours, Alps Industries was quoting at Rs 2.26, down Rs 0.11, or 4.64 percent, on the BSE.
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