Brief: Sakthi Sugars Enters One-Time Settlement With Bank

Sakthi Sugars

20/09/2019 11:57

Sept 20 (Reuters) - Sakthi Sugars Ltd  SKSG.NS :
    * ONE-TIME SETTLEMENT WITH A BANK
    * COMPANY HAS TO SETTLE AT 1.5 BILLION RUPEES ON OR BEFORE
30TH
MARCH 2020 WITH BANK OF INDIA
    * DOWN PAYMENT OF 150.4 MILLION RUPEES (10%) HAS BEEN
ADJUSTED
AGAINST PAYMENT ALREADY MADE
    * SIMPLE INTEREST AT 10.45% WILL BE CHARGED FROM 17TH JULY
2019 ON
REDUCING BALANCE BASIS

Source text for Eikon:  ID:nBSE2vfJtD 
Further company coverage:  SKSG.NS 

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