Major Financial Turnaround: Becomes Secured-Debt Free
Velan Hotels Ltd · 526755 · BSE ·
The company has settled all its dues with RARE Asset Reconstruction Ltd. and is now a **secured-debt free company**. This was achieved using an advance of ₹35.12 crore from the sale of its non-operational Tirupur hotel property. The asset sale, for a total of ₹37.17 crore, has be…