Olympic Cards Limited announced defaults on payment of interest repayment principal amount on loans from banks. Date of making the disclosure: December 14, 2023; Nature of obligation: Mortgage Loan; Name of the Lender: Religare Finvest Ltd; Date of default: December 13, 2023; Current default amount: Total INR 746,127; Details of the obligation (total principal amount in INR crore, tenure, interest rate, Secured /Unsecured): INR 50.5 million - 120 months /secured /Interest Rate 14.5%, Religare Outstanding INR 23.9 million; Total amount of outstanding borrowings from Banks /financial institutions: INR 159.8 million; Total financial indebtedness of the listed entity including short- term and long-term debt: INR 336.3 million (As on Match 31, 2023).
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- Olympic Cards Limited Announces Disclosure of Defaults on Payment of Interest Repayment Principal Amount on Loans from Banks