Zenith Birla (India) informs about settlement of dispute

17 Dec 2018

Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Zenith Birla (India) has informed that the company has entered in to One Time Settlement (OTS) with Punjab National Bank & Edelweiss Asset Reconstruction Company against the credit facilities availed by the company. The company has accepted One Time Settlement proposal and committed to act as per terms of proposal. Further strategically this OTS proposal will support financial position of the company.

The above information is a part of company's filings submitted to BSE.

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