Brief: Burnpur Cement says account with lenders has become irregular due to demonetization
09/01/2017 06:50
Jan 9 (Reuters) - Burnpur Cement Ltd BRCL.NS
* Says account with lenders has become irregular due to
non-payment of scheduled payment due to cash flow mismatch
because of demonetization
Source text: [Burnpur Cement Limited has informed the Exchange
that the account of the Company with the lenders has become
irregular due to non -payment of scheduled payment on account of
cash flow mismatch as a result of demonetization and depressed
market. The matter is under discussion with the lenders and the
lead bank is positive on suitable restricting. The other banks
are also in the process to follow the decision of consortium
meeting]
Further company coverage: BRCL.NS
((Bangalore.newsroom@thomsonreuters.com;))
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