Kwality Limited - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements)
Regulations, 2015
19 Jan 2022
In furtherance to our communique dated 3rd January 2022, whereby it was intimated that the Hon''ble NCLT vide
order dated 21st December 2021 directed the Successful Bidder to pay the balance consideration to the tune of
INR 116 Crores in terms of Letter of Intent dated 14th October 2021 executed between Successful Bidder and
the Liquidator by 3rd January 2022. That in compliance to the order dated 21st December, 2021, the successful
bidder has deposited the balance sale consideration of INR 116 Crores in the designated liquidation bank account
of the Corporate Debtor on 3rd January 2022.
Source:
BSE India