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Federal Bank takes possession of SB&T International’s office

11 Dec 2013 Evaluate

Federal Bank has taken the possession of SB&T International’s office located at 138, Shreeji Chambers, Opera House in Mumbai. The bank has taken this step as the property was mortgaged with the bank against a loan taken from them and the company was unable to repay the loan within the given time limit.

SB&T International is a 100% EoU in the business of manufacture and export of studded jewellery at SEEPZ (a free trade zone) in Mumbai.

Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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