Patel Integrated Logistics Limited — Important, 25-10-2024: Updates

Patel Integrated Logistics Limited announced the prepayment of a loan amounting to Rs. 973.96 Lakhs, primarily funded through rights issue proceeds and internal accruals. This move will reduce interest costs and release various mortgaged properties from banks and NBFCs. The company plans to explore options for monetizing these properties now that they are mortgage-free.