Business Update16 May 2024, 02:39 am
PSP Projects Ltd Announces Out-of-Court Settlement with Surat Diamond Bourse for INR 170 Crore
AI Summary
PSP Projects Ltd has announced an out-of-court settlement with Surat Diamond Bourse (SDB) for INR 170 crore as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The total approved project value of SDB Project is INR 1,960 crore excluding GST, and against this, PSP has recorded revenue of INR 1,896 crore.
Key Highlights
- PSP Projects Ltd announces settlement with Surat Diamond Bourse
- Settlement amount: INR 170 crore
- Total approved project value: INR 1,960 crore
- Recorded revenue: INR 1,896 crore remaining: INR 64 crore