Brescon Corporate Advisors share down by 9 percent
Bangalore:Brescon Corporate Advisors Limited stock was among top looser after price down by nearly 9 percent.After opening the day at 
124.90 the stock touched its 52 week high of 166.50, before closing the trade at 228.85 with loss of 8.63 percent. Through the day, 16445 shares of Brescon Corporate Advisors were traded in the market.
Brescon Corporate Advisors Ltd, formerly Brescon Financial Services Ltd, is a corporate advisory company based in India. It operates in the distressed and special situation advisory and investment area. The Company is engaged in the intermediation and advisory services of debt syndication, financial restructuring, corporate finance and capital market service. It assists companies in any special situations through resolution, recapitalization, mergers and acquisitions, infusion of private equity or direct investment.
Its resolution services include reorganization of asset liability mismatch, realignment of lender obligations with that of operational cash flows, and at times one-time settlements, as well as negotiated settlement of the banks and institutional distressed debt. Some of its clients include GPT Steel Limited. The Morarjee Realty Limited,CEAT Limited and Zenith Limited.
Brescon Corporate Advisors Limited has announced that a meeting of the Board of Directors of the Company was held on May 29, 2010, to consider & approve the Audited Balance Sheet as at March 31, 2010, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.
124.90 the stock touched its 52 week high of 166.50, before closing the trade at 228.85 with loss of 8.63 percent. Through the day, 16445 shares of Brescon Corporate Advisors were traded in the market.
Brescon Corporate Advisors Ltd, formerly Brescon Financial Services Ltd, is a corporate advisory company based in India. It operates in the distressed and special situation advisory and investment area. The Company is engaged in the intermediation and advisory services of debt syndication, financial restructuring, corporate finance and capital market service. It assists companies in any special situations through resolution, recapitalization, mergers and acquisitions, infusion of private equity or direct investment.
Its resolution services include reorganization of asset liability mismatch, realignment of lender obligations with that of operational cash flows, and at times one-time settlements, as well as negotiated settlement of the banks and institutional distressed debt. Some of its clients include GPT Steel Limited. The Morarjee Realty Limited,CEAT Limited and Zenith Limited.
Brescon Corporate Advisors Limited has announced that a meeting of the Board of Directors of the Company was held on May 29, 2010, to consider & approve the Audited Balance Sheet as at March 31, 2010, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.