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KEC International Ltd - Prepayment of Loan

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KEC International Ltd has informed BSE that the Company through its Special Purpose Vehicles had acquired SAE Towers Holdings LLC together with its subsidiaries at an Enterprise Value of USD 95 million, in the month of September 2010. Full purchase consideration for the acquisition was funded through raising loan. As per the repayment schedule of the said loan, the first installment will become due in December 2012. Further the Company has informed that out of internal accruals generated by SAE Towers, a prepayment of USD 5 Million towards loan has been voluntarily made within a very short span of nine months of SAE Towers acquisition.

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