Mastek has informed that the Board of Directors at their meeting held today - March 6, 2020, approved to avail the Stand by letter of credit (SBLC) facility upto GBP 30 million or its equivalent in INR/USD sanctioned by Citi Bank N.A. India to secure the credit facilities to be extended to its Wholly Owned Subsidiary Mastek (UK) by Citi Bank N.A. London, subject to applicable laws and approvals. (Prescribed details annexed as Annexure A). The meeting of the Board of Directors of the Company commenced at 1.15 pm and concluded at 2.00 pm.
The above information is a part of company’s filings submitted to BSE.
