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The case dates back to 2011 and 2014, when loan facilities were made available to the company, which the banks say are long overdue other than USD 83 million from the proceeds of the sale of a Bengaluru airport and certain amounts not in dispute.
Laxmi Organic share price: The company, in a BSE filing, said its fund-raising committee of directors approved the issue and allotment of 9,625,579 equity shares to qualified institutional buyers as a part of its fundraising plans. The shares were allotted at an issue price of Rs 269.20, i.e. at a premium of Rs 267.20, aggregating to Rs 259.12 crore.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
A trial involving six Indian banks pursuing unpaid loans amounting to an estimated USD 2 billion, including interest accrued, from GVK Coal Developers (Singapore) Pte Ltd and associated companies...
India Business News: Six Indian banks are pursuing a trial in the High Court of London against GVK Coal Developers (Singapore) and associated companies for unpaid loans am