Vistar Amar Ltd enters into hypothecation deed with UCO Bank for Cash Credit Limits

Vistar Amar Ltd has entered into Composite Deed of Hypothecation and Memorandum of the Deposit of Title Deeds with UCO Bank, Porbandar Branch for Cash Credit Limits of Rs.2.75 Crores at interest rate @ 10.20% p.a. and on such other terms and conditions as agreed between the Bank and the Company and entered in the Agreement by way of exclusive first charge by way of hypothecation on the entire stocks of inventory, receivables, bills and other chargeable current assets of the company (both present and future) with UCO banks and by (a) Equitable Mortgage of immovable properties of the Company viz. i) Factory Land & Building in the name of the company situated at Revenue S. No.45/2, at Bhalpara, Tal Veraval Gist Gir Somnath Gujarat, having total area of 3844 Sq. Mt. and (b) Personal Guarantee of Mr. Rajeshkumar B. Panjari (DIN No. 00261895) and Mr. Ramkumar B. Panjari (DIN No. 00262001).

Shares of Vistar Amar Ltd was last trading in BSE at Rs. 120.95 as compared to the previous close of Rs. 115.20. The total number of shares traded during the day was 4629 in over 69 trades.

The stock hit an intraday high of Rs. 120.95 and intraday low of 111.80. The net turnover during the day was Rs. 556199.00.

Source : Equity Bulls

Keywords

VistarAmar INE878P01019 Hypothecation CashCreditLimits