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S Chand And Company informs about outcome of board meeting

20 Dec 2018 Evaluate

S Chand And Company has informed that the Board of Directors at its meeting held on Wednesday, December 19, 2018 which commenced at 11:00 A.M. and concluded at 2:30 P.M., considered and approved the term loan upto an amount of Rs 65.00 crores from Axis Finance Limited. The details of the same are enclosed as Annexure-A; and considered and approved the Corporate Guarantee in favour of HSBC Bank against the working capital facilities sanctioned to Vikas Publishing House (a wholly owned subsidiary of the Company) upto an amount of Rs 10.00 crores. The details of the same are disclosed in Annexure-B.

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

Peers
Company Name CMP
D.B. Corp 147.10
Jagran Prakashan 64.12
HT Media 23.03
Navneet Education 130.55
S Chand And Company 133.05
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