SBEC Sugar Limited repays entire loan of Rs. 201 crores

SBEC Sugar Limited has repaid its entire Loan of Rs. 201 Crores along with interest thereon taken from the U.P. Co-operative Bank Limited.

The mortgage on the asset & immovable properties of the Company along with the second charge on the immovable properties on the asset of SBEC Bioenergy Limited (subsidiary of the Company) with respect to said loan is released by the bank as a result of said loan closure.

Shares of SBEC SUGAR LTD. was last trading in BSE at Rs. 39.22 as compared to the previous close of Rs. 37.72. The total number of shares traded during the day was 5851 in over 90 trades.

The stock hit an intraday high of Rs. 40.72 and intraday low of 38.20. The net turnover during the day was Rs. 231217.00.

Source : Equity Bulls

Keywords

SBECSUGAR INE948G01019 LoanRepayment