Brief: Tulsyan NEC Approves And Accepts Terms And Conditions Of OTS Proposal Received From IDBI Bank

Tulsyan NEC

01/03/2023 11:08

March 1 (Reuters) - Tulsyan NEC Ltd  TNEC.NS :
    * APPROVED AND ACCEPTED TERMS AND CONDITIONS OF OTS PROPOSAL
RECEIVED FROM IDBI BANK
    * DEBT OF CO HAD GROWN BEYOND ITS MEANS TO SERVICE DEBT AT
ITS
ORIGINALLY ACCEPTED TERMS AND CONDITIONS
    * AMOUNT OF SETTLEMENT ARRIVED WILL HAVE TO BE PAID OVER A
PERIOD
OF 12 MONTHS IN STRUCTURED QUARTERLY INSTALMENTS

Source text for Eikon:  ID:nBSE7JZp9h 
Further company coverage:  TNEC.NS 

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