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Sat Industries’ arm obtains loan of Rs 55 crore from Kotak Mahindra Bank

03 Sep 2018 Evaluate

Sat Industries’ Subsidiary--Aeroflex Industries has obtained loan of Rs 55 crore from Kotak Mahindra Bank on August 31, 2018 and paid OTS of all the secured creditors. Now, the financial restructuring of Aeroflex Industries has been completed.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.

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