Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Advik Laboratories Ltd to sell plant to pay for OTS with Indian Overseas Bank

Posted On: 2019-08-23 22:09:07

The board of directors of Advik Laboratories Ltd has considered and approved, subject to the approval of the shareholders, the sale of Manufacturing Unit of the company situated at 138, Roz- Ka- Meo Industrial Area Sohna, Distt. Mewat, Haryana- L22L03 (i.e. the Land and Building and Plant and Machinery of the Company on as is whereis basis) in order to settle the loan obtained from Indian Overseas nank 1iOnl pursuant to One Time Settlement (OTS) sanction letter received from IOB. Please note that the Company's Account with IOB has become Non Performing Assets (NPA) & the Company had submitted the OTS proposal to IOB which has been approved by IOB & the said Bank had vide its sanction letter has agreed to settle the outstanding loan of Rs. 12.50 Crore at Rs. 8.30 Crores as per the terms and conditions of the said OTS. The net proceeds from the sale of the said Manufacturing unit will be utilized to repay the existing outstandihg loans and accrued interest thereon.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Control Print Ltd board approves interim dividend of Rs.3.5 for 2019-20

TVS Motor Company forays into electric mobility with connected and advanced technology scooter 'TVS iQube Electric'

PSP Projects Limited receives work orders of Rs. 357.90 crores

Prabhat Technologies India Ltd updates on inadvertent trading done in shares of promoter

Control Print Ltd consolidated Q3 net profit higher at Rs. 8.81 crore

Chemcrux Enterprises Limited receives award at 4th IPF Industrial Excellence Awards

Pondy Oxides & Chemicals Ltd reports QoQ jump in PAT

DCB Bank Ltd Q3 net profit climbs to Rs. 96.70 crore

CRISIL updates on rating of Jindal Drilling Industries Ltd

SKP Securities Ltd consolidated net profit at Rs. 0.05 crore in Q3

Muthoot Capital Services Ltd Q3 net profit up QoQ to Rs. 18.95 crore

APL Apollo Tubes Ltd consolidated Q3 FY20 net profit surges to Rs. 74.26 crore

Siyaram Silk Mills Ltd consolidated Q3 net profit slides to Rs. 7.63 crore

Indo Cotspin Ltd Q3 net profit at Rs. 0.0334 crore

ICICI Bank Ltd reports consolidated PAT at Rs. 4670.10 crores

Muller & Phipps India Ltd Q3 net profit at Rs. 0.03 crore

Bhageria Industries Ltd posts PAT of Rs. 17.74 crores in Q3

Maruti Suzuki NEXA rolls out Stylish and Sporty Ciaz S

Cybele Industries Ltd Q3 loss at Rs. 0.90 crore

IndiGo launches direct connection between Delhi and Bangkok

mBAJA & eBAJA Design and Technical Evaluation and Dynamic Events held today for BAJA SAEINDIA 2020

Wendt India Ltd announces Q3, 9MFY20 results

ABM Knowledgeware Ltd Q3 consolidated net profit slips to Rs. 3.08 crore

Prestige Estates Projects Ltd consolidated Q3 net profit climbs to Rs. 161.8 crore

EIH Ltd Q3 net profit higher QoQ, YoY

Bank of Baroda reports loss in Q3 FY2020

Eldeco Housing and Industries Ltd announces Q3, 9MFY20 results

BEML CMD gets Most Admired Leader Award

Siemens Ltd to acquire 99.22% in C&S Electric Ltd for Rs. 2100 crore

VST Tillers Tractors Ltd enters into MOU with Zetor Tractors

NHPC declared successful resolution applicant for Jalpower Corporation Ltd

L&T raises Rs. 1000 crore through 6.72% NCDs

Solapur Tollways Pvt Ltd receives completion certificate for part of NH-9 project

Cipla gets 4 observations from USFDA for API facility at Bommasandra, Bangalore

ALLSEC Technologies Ltd consolidated Q3 FY20 net profit at Rs. 8.55 crore

Wendt India Ltd Q3 consolidated PAT falls to Rs. 2.20 crore

Faze Three Autofab Ltd Q3 net profit at Rs. 0.48 crore

Emkay Global Financial Services Ltd Q3 loss at Rs. 1.41 crore

ION Exchange India Ltd consolidated Q3 PAT higher at Rs. 26.31 crore

Shree Bhavya Fabrics Ltd posts net profit of Rs. 0.77 crore in Q3

Mangalam Drugs & Organics Ltd Q3 PAT jumps to Rs. 1.65 crore

ARO Granite Industries Ltd Q3 net profit at Rs. 0.65 crore

JSW Steel Ltd consolidated Q3 PAT declines to Rs. 211 crores

Udaipur Cement Works Ltd posts PAT of Rs. 0.97 crore in Q3

Strides announces successful completion of US FDA inspection at its Alathur facility with Zero 483 observations

Sonata Software Ltd reports Rs.75.86 crores net profit in Q3 FY20

Oriental Hotels Ltd posts consolidated PAT of Rs. 7.31 crore

Kirloskar Ferrous Industries Ltd Q3 PAT increases QoQ to Rs. 23.33 crore

Indian Bank reports Q3 net profit of Rs. 247.16 crore

Sunil Agro Foods Ltd posts net profit of Rs. 0.14 crore in Q3







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019