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Lanco Infratech hits record low; IDBI Bank touches 52-week low
Shares of Lanco Infratech (LITL) fell to its record low of Rs 1.70, down 10%, extending its Monday's 20% decline on BSE, after the company on Saturday said the Reserve Bank of India (RBI) has directed its lead lender IDBI Bank to initiate corporate insolvency resolution process for the company under the Insolvency and Bankruptcy Code (IBC). Meanwhile, IDBI Bank was trading 1% lower at Rs 56.40, also hits 52-weel low on BSE.
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