Brief: Vindhya Telelinks executes settlement agreement with overseas supplier

Vindhya Telelinks

23/10/2015 11:27

Oct 23 (Reuters) - Vindhya Telelinks Ltd  VNDY.NS : 
 * Has executed settlement agreement in late hours of October 21, with overseas supplier in respect of long standing business discord 
 
 * Source text: Vindhya Telelinks Limited has informed the Exchange that the Company has executed a Settlement Agreement in the late hours of October 21, 2015 with an overseas supplier in respect of a long standing business discord, which shall put an end to all legal proceedings launched in different jurisdictions. The business discord pertains to a Long Term Sale and Purchase Agreement (Agreement) entered into between the Company and an overseas supplier, which was executed on January 23rd/ 24th, 2001. 
 
 
 * Further company coverage  VNDY.NS   
   ((Bengaluru Newsroom; +91 80 6749 1130))