BRIEF-Punjab Chemicals approves one time debt settlement with SBI

  • Reuters
  • Stock Market News
BRIEF-Punjab Chemicals  approves one time debt settlement with SBI
Credit: © Reuters.

May 28 (Reuters) - Punjab Chemicals and Crop Protection Ltd PCHM.NS :

* Considered one time settlement (ots) approval received from State Bank of

India sbi) for the outstanding dues

* The board of director after deliberations has decided to go ahead with the

aforesaid ots approval

* Has to pay inr 455 million and sale proceeds from 150,000 equity shares

pledged exclusively with sbi

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