Ansal Housing Ltd - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements)-Settlement Of Loan Amounting To Rs. 160 Crores With M/S. Assets Care And Reconstruction Enterprises Limited

This is to inform you that the Company has received a Full and Final Settlement Letter dated 13th September, 2022 from M/s. Assets Care and Reconstruction Enterprises Limited ('ACRE') ('Lender') against all the Outstanding dues on account of Loans amounting to Rs. 160 Crores which have been assigned by M/s. Indiabulls Commercial Credit Limited to M/s. Indiabulls Asset Reconstruction Limited and by M/s. Indiabulls Asset Reconstruction Limited to M/s. Assets Care and Reconstruction Enterprises Limited as trustee of the ACRE-102.