Union Bank of India sanctions OTS of Kridhan Infra Ltd

Due to deteriorated market conditions owing to COVID, Kridhan Infra Limited has not been able to fulfil its obligations towards its outstanding loans of its lender. Since then the Company has been making continuous efforts, to settle their obligations/dues with their lender.

After long and continuous efforts, the Company's lender i.e. Union Bank of India, has issued a sanction advice dated February 20, 2024, for one time settlement (OTS) of all its outstanding towards the Company.

The Company will make adequate steps as per the terms and conditions mentioned in the Sanction Letter for OTS.

Shares of Kridhan Infra Limited was last trading in BSE at Rs. 6.04 as compared to the previous close of Rs. 5.90. The total number of shares traded during the day was 209651 in over 207 trades.

The stock hit an intraday high of Rs. 6.18 and intraday low of 5.62. The net turnover during the day was Rs. 1251690.00.

Source : Equity Bulls

Keywords

KridhanInfra INE524L01026 UnionBankofIndia OTS