Tips Industries Limited informed the exchanges Monday that due to the strong liquidity position enjoyed by the company, its unutilized line of Credit with Bank of Baroda has been closed with immediate effect.
“The company continues to remain debt-free. The company has no exposure to any Term Loan/ Working Capital Loan with any Banking Institution,” company said in a filing on Monday.
Tips Industries Ltd stock was in demand on tuesday and at around 11.20 am was trading at day's high of Rs925.05 per piece up Rs44.05 or 5% from its previous closing of Rs881 per piece on the BSE.
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