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Tarmat accepts OTS proposal from Vijaya Bank

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Capital Market

To pay Rs 62.11 crore as full and final settlement

Tarmat has received One Time Settlement proposal from Vijaya Bank dated 31 March 2018 against the credit facilities availed by the company. As per the terms of the OTS, the company is required to pay an aggregate amount of Rs 62.11 crore as full and final settlement. The company has accepted the OTS proposal.

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First Published: Apr 03 2018 | 7:50 PM IST

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