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Outcome of board meeting of Indo National

Capital Market 

Held on 05 December 2017

The Board of Indo National at its meeting held on 05 December 2017 approved to provide corporate guarantee of Rs 8.50 crore to HDFC Bank on behalf of its step one subsidiary - Kineco. The Competition Commission of India is investigating the zinc carbon dry cell battery industry including the Company in relation to cartelisation. The Company has fully cooperated in this investigation and provided all the necessary documents and explanations.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 20:17 IST