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Ortel Communications provides business update

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Capital Market
Last Updated : Jun 23 2015 | 12:02 AM IST

Gets interest rates on existing loans reduced

Ortel Communications announced that Karnataka Bank, the Lead Banker of the Company, in the consortium meeting with other bankers and Company held on 22 June 2015 has agreed to reduce the rate of interest of the existing loans availed by the Company from present rate of 14.25% per annum to revised rate of 13.50% per annum.

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First Published: Jun 22 2015 | 4:39 PM IST

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