Brief: Welspun Enterprises Says Indian Oil Corporation, Co Agreed To Amicably Settle Suit
June 6 (Reuters) - Indian Oil Corporation Ltd IOC.NS :
* INDIAN OIL CORPORATION, CO AGREED TO AMICABLY SETTLE SUIT
BY
MEDIATION PROCEEDINGS BY DELHI HIGH COURT
* IOCL SHALL PAY TO CO 159.6 MILLION RUPEES, INTEREST 77.1
MILLION
RUPEES TOWARDS FULL AND FINAL SETTLEMENT OF ALL CLAIMS
* POST SETTLEMENT, CO SHALL WITHDRAW SUIT FILED BEFORE DELHI
HIGH
COURT
Source text for Eikon: ID:nNSE4TfcQW
Further company coverage: IOC.NS
((Reuters.Briefs@thomsonreuters.com;;))
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