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Sandur Manganese & Iron Ores informs about company updates

28 Mar 2019 Evaluate

In connection with financial assistance being availed by the Company for the Coke Oven Project, the Company has pledged 2,70,00,000 shares, held in Star Metallics and Power (Subsidiary Company) on March 26, 2019, in favour of Axis Trustee Service (acting for the benefit of the lenders, including but not limited to Axis Bank, ICICI Bank and IndusInd Bank) as security to secure the borrowing amounting to Rs 470,00,00,000 being availed by the Company.

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

Peers
Company Name CMP
Coal India 424.70
NMDC 77.60
Ashapura Minechem 516.80
Sandur Manganese 183.45
GMDC 517.00
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