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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 412.00
NMDC 70.43
Ashapura Minechem 456.70
Sandur Manganese 173.50
GMDC 458.80
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