Tilaknagar Industries Ltd remits settlement amount to Cargill International SA

Tilaknagar Industries Ltd has remitted USD 11,00,011.89 equivalent of Rs. 9,25,00,000 (Rupees Nine Crores Twenty-Five Lacs only) on October 13, 2022 to its supplier, Cargill International SA, on receipt of the statutory approval from Reserve Bank of India on October 06, 2022, towards the Settlement Agreement entered into between the Company and Cargill International SA, wherein it was mutually agreed, that the principal amount of USD 74,28,300 would be settled in full and final at USD value equivalent of Rs. 9,25,00,000 (Rupees Nine Crores Twenty-Five Lacs only).

Shares of Tilaknagar Industries Limited was last trading in BSE at Rs. 99.90 as compared to the previous close of Rs. 100.15. The total number of shares traded during the day was 24563 in over 729 trades.

The stock hit an intraday high of Rs. 102.90 and intraday low of 99.45. The net turnover during the day was Rs. 2491382.00.

Source : Equity Bulls

Keywords

TilaknagarIndustries INE133E01013 SettlementAmount CargillInternationalSA