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Indosolar receives OTS approval from Union Bank of India

24 Oct 2017 Evaluate

Indosolar has received an approval for proposal for One Time Settlement (OTS) from Union Bank of India. The proposal has two components - Serviceable Debt and Non-Serviceable Debt.

Serviceable Debt shall be paid within 6 years and last installment will be due on or before March 31, 2024. Non-Serviceable Debt shall be converted into optionally convertible cumulative redeemable preference shares OCCRPS and shall be redeemed within 4 years starting from the date April 01, 2024.

Indosolar is engaged in manufacturing of solar photovoltaic cells and modules. The company’s photovoltaic cells include SONA SERIES (Multi-crystalline Cells) and SAPPHIRE SERIES (Mono-crystalline Cells).


Indosolar Share Price

540.10 25.70 (5.00%)
20-Apr-2026 16:59 View Price Chart
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