Sakthi Sugars defaults on debt repayment

Sakthi Sugars

Sakthi Sugars share price added over 6 percent even after the company defaulted on repayment of principal and payment of interest.

On November 25, the company had informed that it has defaulted on repayment of principal and payment of interest aggregating to Rs 2.16 crore.

The company has defaulted for repayment of principal of Rs 1.25 crore and interest of Rs 0.91 crore aggregating to Rs 2.16 crore to the lender Edelweiss Asset Reconsturction Company.

News Source:- Moneycontrol

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