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Intec Capital accepts OTS proposal from Bank of Maharashtra

Further, the Company has accepted the said proposal on Monday via acceptance letter given to the Bank.

November 30, 2021 9:21 IST | India Infoline News Service
Intec Capital Ltd has informed to the exchange regarding One Time Settlement of borrowings with Bank of Maharashtra.

In a regulatory filing on Monday, the company said that the Bank of Maharashtra had sent proposal for One Time Settlement (OTS) for a consolidated agreed amount of Rs4cr to be paid in installments by December 31, 2021.

Further, the Company has accepted the said proposal on Monday via acceptance letter given to the Bank.

At around 9:20 AM on Tuesday, Intec Capital was trading lower by 4.44% at Rs16.15 per piece on Sensex.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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