Aksh Optifibre wins arbitration against BSNL over delayed payments

Arbitration WonRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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AI summary

Aksh Optifibre won its arbitration against BSNL. The tribunal awarded Rs 9.21 lakh along with 10% yearly interest on outstanding dues for 2018-19 supplies, 11% post-award interest till full payment, and Rs 16.12 lakh in costs from BSNL. The company expects a positive impact on its financial position.

Likely market impact

Positive for the company; recovers dues and interest from BSNL, strengthening its financial position.