The firm, which provides IT products to the financial services industry, said the arbitrator erred in his assessment and ruling and therefore it will defend its position, OFSS said in a filing to the BSE.
"...In an arbitration proceeding between one of the company's subsidiaries and one of its vendors, an award has been passed by the arbitrator against the company's subsidiary for a sum of about Rs 804 million inclusive of interest," the filing said.
The filing did not provide any further the details of the case.
The OFSS stock was trading at Rs 3,767.90, up 0.37 per cent, on the BSE.
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