Brief: Kamat Hotels (India) gets nod from Corporation Bank for one-time settlement proposal

Kamat Hotels (India)

31/03/2017 05:52

March 31 (Reuters) - Kamat Hotels (India) Ltd  KAMT.NS  
    * Says got approval from Corporation Bank for one time 
settlement proposal 
    * Says co expected to repay debt in structured manner over 
six months 
    * Says reason for opting OTS is that co has been facing cash 
flow mismatch due to which debt became a non-performing asset 
 
Source text: http://bit.ly/2ofytyS 
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