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UPDATE ON IPO OF SVPCL LIMITED:
SEBI vide its letter dated 23/10/2008 permitted SVPCL to refund the application money immediately and to pay interest amount by 31/10/2008, failing which, the Company
shall be liable to pay interest @ 15% p.a. on the interest liability as on the date of refund of the application money.
The refund of the application money, through RTGS/ Direct Credit/ ECS and Refund Orders as the case may be, was processed on 27/10/2008, without interest.
The interest on the application money was calculated upto 27/10/2008, the date of refund. As soon as the interest amount is arranged by the Company, the interest warrants will be dispatched to the applicants.
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