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Garware Polyester redeems pref shares as One Time Settlement (OTS)

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Capital Market

Of Rs 100 each

Garware Polyester announced that the company has redeemed 54,46,000-0.01% cumulative redeemable preference shares (CRPS) of Rs. 100 each aggregating to Rs. 54.46 crore issued and allotted to IDBI Bank by paying Rs. 40 crore as One Time Settlement (OTS) in full and final payment of the said CRPS.

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First Published: Feb 27 2015 | 12:01 PM IST

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