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| Exchange Disseminated Time | Redington (India) Ltd has informed BSE that :
"During February 2012, Redington International Mauritius Limited (RIML), a Wholly Owned Subsidiary (WOS) of Redington (India) Ltd
had taken a five year term loan of USD 78 Million at all-inclusive interest rate of LIBOR plus 5.50 % P.A.
We wish to inform you that RIML has negotiated a refinance loan from a bank for the same amount and similar terms, but at a lesser all-inclusive interest rate of LIBOR plus 3.50% P.A. and prepaid the existing loan. This refinance will reduce significantly our interest cost by approximately USD 2.5 Million over the next 4 year period." |
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