Clarifies on News Item
With reference to the news item appearing in the newspaper titled "Standard Chartered sues Varun Shipping chief over default", Varun Shipping Company Ltd has Clarified to BSE as under:"VSC International Pte Ltd (our associate company) has availed a loan of USD 10 million from Standard Chartered Bank, Singapore Branch of which, principal outstanding is USD 4,687,500, out of which USD 2,250,000 is delayed due to liquidity constraints faced...