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Steelco Gujarat Ltd. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

| Updated on March 13, 2019 Published on March 13, 2019

Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 read with Para-A of Part A of Schedule-III, intimation is being made, as mentioned in detailed in the attachment, regarding receipt of USD 400,000 as a first tranche (against Unsecured Loan of USD 8,300,000)towards further remittance of same to the Lead Bank of the consortium banks, as an initial deposit as a part of the One-Time Settlement (OTS) proposal, being under consideration by the consortium bankers, as per the Proposal of the Company dated 22nd October, 2018 and the Lead Banks letter dated 31st December, 2018.

The main characteristics and the important terms and conditions, required to be disclosed are mentioned in the attachment, being submitted under this announcement.

Pdf Link: Steelco Gujarat Ltd. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Source : BSE - www.bseindia.com

Published on March 13, 2019
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