Brief: Hotel Leelaventure Says Pursuing With Lenders For Debt Restructuring

HLV

22/06/2018 06:59

June 22 (Reuters) - Hotel Leelaventure Ltd  HTLE.NS :
    * SAYS CO'S OPERATING CASH FLOWS ARE NOT SUFFICIENT TO
SERVICE ITS
TERM LOANS, NCDS
    * SAYS PURSUING WITH LENDERS FOR DEBT RESTRUCTURING
    * FUNDS OF COMPANY ARE ESCROWED WITH ITS LENDERS AND ARE
ALSO
MONITORED BY LENDERS
    * DEFAULTED IN PAYMENT OF QUARTERLY INTEREST OF 21.3 MILLION
RUPEES DUE JUNE 19, 2018, W.R.T ISSUE OF NCDS TO LIC OF INDIA

Source text: http://bit.ly/2tjQH3D
Further company coverage:  HTLE.NS 

 ((Reuters.Briefs@thomsonreuters.com;))