The State Trading Corporation of India Limited — Board Meeting, 13-06-2025: Outcome of Board Meeting

The State Trading Corporation of India has announced a board meeting approving an amended One-Time Settlement with six lender banks, including Canara Bank and Union Bank. STC will pay Rs 200 crore upfront to settle dues, adding to earlier payments of Rs 1,100 crore. Properties valued around Rs 300 crore will be transferred to the banks as part of the deal. This settles Rs 1,906.24 crore owed since 2018, aiming to clear outstanding bank cases and improve STC’s financial health. The revised OTS has already received bank approvals.