MoneyWorks4Me

Sindhu Trade Links informs about Board Meeting

27 May 2013 Evaluate

Sindhu Trade Links has informed that the Board of Directors of the Company at its meeting held on May 23, 2013, has decided to borrow an amount of Rs. 550 million from Edelweiss Financial Services Limited and will mortgage its properties in due course. Further, the Board has decided to invest the above-mentioned amount to one of its foreign subsidiary, Param Mitra Resources Pte Limited by way of acquiring its equity.

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

Peers