Yash Papers shares surge 15% on exit from CDR mechanism

Moneycontrol Bureau

Yash Papers shares spiked nearly 15 percent intraday Friday on exit from corporate debt restructuring mechanism.

The company has received approval from the Corporate Debt Restructuring (CDR) Cell, Mumbai on October 10 for successful exit from CDR mechanism.

CDR Empowered Group in its minutes, on September 27, said the proposal for successful exit of Yash Papers from CDR mechanism after payment of recompense as per review note with 25 percent waiver in right of recompense payable stands approved.