Brief: Ortel Communications to avail INR 100 mln term loan from Karnataka Bank Ltd

Ortel Communications

01/01/2016 07:31

Jan 1 (Reuters) - Ortel Communications Ltd  ORTE.NS : 
 * Approved proposal for availing term loan of inr 100 mln,additional overdraft 
   facility upto inr 50 million from karnataka bank ltd 
 
 * Source text: 
Ortel Communications Limited has informed the Exchange that the Finance Committee of Board of Directors of the Company have approved the proposal for availing term loan of Rs.10.00 Cr. and additional overdraft facility upto Rs. 5.00Cr. from Karnataka Bank Ltd.("Bank") with interest rate of 13.25% 
 
 
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