Rathi
Steel and Power is a microcap company. It is engaged in manufacturing of Rebars
and Wire Rods that are broadly categorised as the long products in the steel
industry.
Rathi
Steel and Power has entered into settlement agreement with ACRE Limited (ARC)
in respect of loan originally availed from Dena Bank (now Bank of Baroda),
which was subsequently assigned to ACRE, the company said in an exchange filing
on Tuesday.
The
company has accepted the terms of the proposal communicated by the lender and
in compliance with the same, the settled amount has been paid in full, it
added.