India's BGR Energy Systems sees worst day in 2 months after bank asks co to clear liabilty

BGR Energy Systems

20/12/2023 08:50

** Shares of BGR Energy System  BGRE.NS  fall as much as
5.5% to 101.65 rupees, steepest fall in nearly two months
    ** The capital equipments maker was asked by Canara Bank to
clear its entire outstanding liability of nearly 5.62 billion
rupees ($67.59 million) immediately
    ** More than 6 mln shares change hands, 4x the 30-day avg
    ** Trading volumes cross 5 million shares in a day, for
third time in December
    ** Stock last down 4%, cutting YTD gains to ~77%


($1 = 83.1425 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))