The share price of BTS Group Holdings Public Company Limited (SET: BTS) experienced a 2.3% increase, reaching THB4.38 per share on Friday following a ruling by the Supreme Administrative Court.
The court mandated the Bangkok Metropolitan Administration (BMA) to compensate BTS for its services in operating the Extension of Green Line, amounting to 11,755 million baht.
BMA is required to cover the payment along with accrued interest from the date of court filing until the payment is finalized. The court has set a 180-day timeline for BMA to fulfill the payment obligation, emphasizing the legal obligation on the part of the administration to settle the dues to BTS.
