April 3, 2018 / 8:08 AM / in 7 months

BRIEF-Tarmat Accepts One-Time Settlement Proposal From Vijaya Bank Against Credit Facilities Availed By Co

April 3 (Reuters) - Tarmat Ltd:

* SAYS ‍CO RECEIVED ONE TIME SETTLEMENT PROPOSAL FROM VIJAYA BANK AGAINST CREDIT FACILITIES AVAILED BY CO

* SAYS ‍CO IS REQUIRED TO PAY AGGREGATE AMOUNT OF 621.1 MILLION RUPEES AS FULL AND FINAL SETTLEMENT​

* SAYS ‍CO ACCEPTED OTS PROPOSAL, WHICH WILL RESOLVE TOTAL AMOUNT OWED TO VIJAYA BANK​ Source text - bit.ly/2GtKmef Further company coverage:

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