Brief: Sundaram Multi Pap says co cut up to 450 mln rupees debt by Dec 2016

Sundaram Multi Pap

04/01/2017 06:32

Jan 4 (Reuters) - Sundaram Multi Pap Ltd  SUMP.NS  
    * Says Sundaram Multi Pap Ltd reduces its financial 
obligations : debt repayment 
    * Says  recognized its non-core assets, which will be 
liquidated I.E. Paper mill at nagpur and land parcel at palghar 
    * Says co reduced the debt to the extent of 450 million 
rupees by Dec 2016 
    * Says reduction of the debt has been done in a short span 
of time and due to which the company has reduced its financial 
obligations 
    * Says in the fiscal year 2017-18 the company plans to 
reduce the interest burden approximately by INR 50 million 
    * Says debt been reduced by recognizing, liquidating 
non-core assets at Palghar, Mumbai, raising funds from QIBs 
 
Source text: http://bit.ly/2hOABpV 
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