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The board of Rohit Ferro-Tech will meet on Tuesday to consider executing a deed of undertaking in favour of State Bank of India for sale of its manufacturing unit at Bishnupur, Haldia. On Tuesday, the company had informed the exchanges that the board was set to discuss executing a similar undertaking for SBI to sell its units in Jajpur, Odisha. On March 24, Rohit Ferro-Tech’s board had approved issuing at least 51 per cent of the company’s equity to its lenders as part of a strategic debt restructuring. Shares of Rohit Ferro-Tech ended 1.1 per cent lower at ₹4.55 on the NSE.
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