Himalaya Food International Ltd update on OTS

State Bank of India, the Lead bank of the consortium has approved the request of Company to extend the period of Payment of OTS upto December 2022.

The bank has agreed for concessional interest @ SBI Yearly MCLR + 2% [effective rate 9%) on the period of delays due to Pandemic.

State Bank has also accepted the request of Company to issue NOC's for sale of non-core assets to pay the OTS amount.

All the participating banks had earlier decided in Consortium meeting held on 22nd October 2021 to follow the SBI terms of extension.

Shares of Himalaya Food International Ltd was last trading in BSE at Rs. 17.40 as compared to the previous close of Rs. 17.60. The total number of shares traded during the day was 43903 in over 305 trades.

The stock hit an intraday high of Rs. 17.80 and intraday low of 17.00. The net turnover during the day was Rs. 767455.00.

Source : Equity Bulls

Keywords

HimalayaFoodInternational INE552B01010 OTS Extension