| | | | Sale of Loans given to Deccan Chronicle Group | 08/03/12 18:32 | | | | Future Capital Holdings Ltd (FCH) has informed BSE that the Board of Directors of the Company met and reviewed the loans given to Deccan Chronicle Group aggregating Rs. 170 Crores (One Hundred and Seventy Crores Only). To safeguard the interest of the stakeholders of the Company, the promoter group of FCH has agreed with the Company to take over the entire loan exposure of the company to the Deccan Chronicle Group at book value. With this assignment, Future Capital Holdings Limited (FCH) will cease to have any exposure to the Deccan Chronicle Group. The promoter group intends to take all action necessary to safeguard all its entitlements and rights after this assignment. | |
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