BRIEF-Hindustan Everest Tools says it has initiated action to pay off dues of UCO Bank

Published 19-01-2017, 02:20 pm
© Reuters.  BRIEF-Hindustan Everest Tools says it has initiated action to pay off dues of UCO Bank

Jan 19 (Reuters) - Hindustan Everest Tools Ltd HIET.BO

* Says has already initiated certain necessary action to pay off due of uco bank

* Says company has applied for permission of the UCO bank to sale of certain part of assets of the company

* Says in process to dispose of other surplus assets to repay the entire outstanding of the bank.

* Realizable value of the surplus assets of the company are sufficient enough to pay off its all existing liabilities Source text: Further company coverage: HIET.BO

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