Ginni Filaments exits from CDR

Following approval of CDR Cell on 23 June 2016

Ginni Filaments announced that Corporate Debt Restructuring (CDR) Cell has approved the exit of the company from CDR through its letter dated 23 June 2016.

Further, the Company has already paid ROR of Rs. 17.73 crore i.e. 75% of gross ROR amount of Rs. 23.64 crore to all the lenders. The above successful exit from CDR is around two years before the scheduled date of exit.

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