Coffee Day Enterprises shares hit lower circuit on relisting

• Follow

Shares of Coffee Day Enterprises hit a lower circuit of 5% on Monday after getting relisted on the BSE at Rs 50.50 and at Rs 48.50 on the National Stock Exchange (NSE).

Last year in August 2020, shares of the company got suspended by the bourses for not complying with listing norms pertaining to the submission of quarterly financial results.

The scrip was hovering at around Rs 26.35 that time on the NSE. Shares of the company declined 4.97 to Rs 47.80 on April 26.

“This is to inform that the revocation of suspension of trading in the equity shares of Coffee Day Enterprises Limited has been done by National Stock Exchange of India Limited and Bombay Stock Exchange Limited vide their letter dated 16th April 2021. The Trading in the securities of the company will be resumed from 26th April 2021 in “T” group,” the company said in a regulatory filing.