Vikas Ecotech's Debt Reduction Program

Vikas Ecotech Limited has announced that we have re-paid another Rs. 123 million to the bankers as part of its pre-defined debt reduction programme.

The Company whilst sprinting towards the targeted debt reduction numbers, initiated the process during August-Sept'2021 and since then the Company has re-paid a total Rs. 1187 Million to the bankers; thus reducing the total bank debt from the peak of Rs. 1612 Million approx. to about Rs 425 Million currently, making a 74% (approx.) Reduction from the Peak Level.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 3.30 as compared to the previous close of Rs. 3.34. The total number of shares traded during the day was 5024727 in over 2615 trades.

The stock hit an intraday high of Rs. 3.35 and intraday low of 3.21. The net turnover during the day was Rs. 16525911.00.

Source : Equity Bulls

Keywords

VikasEcoTech INE806A01020 Repayment DebtReduction