Sunday, May 8, 2016

Intimation of OTS of borrowings with SBI, Antwerp by the Wholly Owned foreign Subsidiary of Punjab Chemicals


06 May 2016 17:45

Punjab Chemicals & Crop Protection Ltd has informed BSE that Wholly owned foreign subsidiary of the Company i.e. SD Agchem (Europe) NV ("SD Agchem"), has entered into one time settlement with State Bank of India, Antwerp for settling its total dues of $ 2.66 mio in respect of the restructured facilities availed by the aforesaid subsidiary of the Company for compromise amount of $1.850 mio to be paid in installments upto December 08, 2016 on various terms and conditions.

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