We hereby inform that Union Bank of India has approved our proposal for One Time Settlement OTS. The proposal has two components i.e. Serviceable Debt and Non-Serviceable Debt. Serviceable Debt shall be paid within 6 years and last installment will be due on or before 31st March, 2024. Non-Serviceable Debt shall be converted into optionally convertible cumulative redeemable preference shares OCCRPS and shall be redeemed within 4 years starting from the date 01st April, 2024

Pdf Link: Restructuring

Source : BSE -

Published on October 24, 2017


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