Shares of A2Z Infra Engineering gained 3 percent intraday on the back of one-time settlement with its lending banks.

The company's board has approved issuance of up to 8 crore equity shares to its lenders as part of one-time settlement scheme(s), envisaged to be entered into between the company and its lending banks.

The said issuance of shares to banks shall address approximately Rs 850 crore of the company's debt which represents 74 percent of the company's total debt.

It has also approved one time settlement with SICOM, a lender of the company.

On September 21, 2017 IL&FS Financial Services - Proprietary Portfolio sold 18,34,357 shares of the company at Rs 42.13 on the NSE.

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Equity benchmarks fell further in morning trade as the Sensex dropped 255.39 points to 32,114.65 following North Korea threat.

Asian markets like Hong Kong's Hang Seng, Japan's Nikki, China's Shanghai Composite and South Korea's Kospi were down 0.3-0.8 percent.

Reliance Home Finance, the subsidiary of Reliance Capital, is locked at 5 percent upper circuit in opening.

The stock price has opened at Rs 107.20, with traded volumes of 6.24 lakh shares on the National Stock Exchange.