Shree Rama Newsprint Redeems Second ZCD Installment

Shree Rama Newsprint Ltd has completed the partial redemption of its Unlisted, Secured Redeemable, Zero Coupon, Non-Convertible Debentures (ZCDs). This action pertains to the second annual installment as per the Joint Lender Forum (JLF) approved plan. The company redeemed 78,750 debentures worth ₹7.875 crore for Bank of India and 62,500 debentures worth ₹6.250 crore for Punjab National Bank. This redemption is part of a three-equal annual installment plan, commencing after the 10th year from issuance.