Chennai, Nov. 22

IG Petrochemicals Ltd has informed the BSE that the company has raised a rupee term loan of Rs 65 crore from Bank of America as a refinance facility to repay the debentures of Spinnaker Group. With this, the company has made the full payment of outstanding debentures of Rs 62.44 crore due to the Spinnaker Group. —

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(This article was published in the Business Line print edition dated November 23, 2007)
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