Fiberweb India Ltd approves sanction letter received from Bank of Baroda

The Board of Directors of Fiberweb (India) Limited in their meeting held today have considered and approved the sanction letter received from Bank of Baroda ("Bank") for availing working capital facility of Rs 20 crores on agreed terms and conditions as mentioned in the Sanction Letter and the board have passed the necessary resolution as required by Bank.

Shares of FIBERWEB (INDIA) LTD. was last trading in BSE at Rs. 36.55 as compared to the previous close of Rs. 36.80. The total number of shares traded during the day was 4469 in over 84 trades.

The stock hit an intraday high of Rs. 36.90 and intraday low of 36.30. The net turnover during the day was Rs. 164091.00.

Source : Equity Bulls

Keywords

FIBERWEBINDIA INE296C01020 SanctionLetter BankofBaroda WorkingCapitalFacility