|
| Exchange Disseminated Time | Ventura Textiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2013 :
1. JM Financial Asset Reconstruction Company Private Limited (JMARC) has acquired the outstanding loans of the Company along with further interest / penal interest / liquidated damages etc., from SBI. At the request of the Company, JMARC has restructured the entire outstanding dues at Rs. 9.10 Crores subject to Company meeting all the terms of Restructuring; and
2. The Company has also settled the amount due under 11% Series A OFCDs and 12% Series B OFCDs. The Company has made necessary arrangement to make the said settlement payment. |
|
|