IOL Chemicals & Pharmaceuticals has made a pre-payment of Term Loan by Rs 22.11 crore to bank in addition to its Scheduled Repayments. With this, the company has pre-paid the Term Loan of aggregate of Rs 161.44 crore till date (i.e. Rs 141.39 crore during the current FY and Rs 20.05 crore in Previous FY). Accordingly, the principal amount of Term Loan reduced and now stood at Rs 66.02 crore.
IOL Chemicals & Pharmaceuticals is a leading organic chemicals manufacturer and supplier in India.