Kohinoor Foods hits record low as it gets notice from lenders

Kohinoor Foods

03/03/2020 04:46

** Shares of food maker  KOFO.NS  fall as much as 5% to
record low of 6.7 rupees
    ** Co says it was served notice by lenders Oriental Bank of
Commerce  ORBC.NS  and IDBI Bank  IDBI.NS  under loan recovery
law
    ** Stock marks its biggest intraday percentage loss in
almost 2 months
    ** Last year, co said its account had been classified as a
wilful defaulter by Oriental Bank Of Commerce  urn:newsml:reuters.com:*:nFWN2880BJ
    ** Shares are down ~23.8% this year as of last close

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))