Shares of Coffee Day Enterprises Ltd (CDEL) got relisted on Monday at Rs 48.50 per share on National Stock Exchange (NSE) and at Rs 50.30 per share on the Bombay Stock Exchange (BSE).

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In August 2020, the trading in CDEL shares was suspended by the bourses for not complying with listing norms pertaining to the submission of quarterly financial results. At that time the stock price was around Rs 26.

However, nine months later, the stock has been relisted at around Rs 48.

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Coffee Day resumes trading, re-lists at Rs 48.50 per share on NSE

The exchanges had on January 13 said CDEL has not submitted the financial results for June 2019 and September 2019 quarters and/or not paid the fine amount levied for the non-compliance, as required under the listing norms of the Securities and Exchange Board of India (Sebi).

Earlier this month, CDEL reported default on the payment of interest/ repayment of the principal amount for loans including revolving facilities like cash credit from banks and financial institutions.

Watch the accompanying video of CNBC-TV18’s Mangalam Maloo has more details.

(Edited by : Ankit Gohel)