India Securities
Limited, an Essar group company, has offered to prepay
fixed deposit along with interest at contractual rate till
the date of redemption to all its Gujarat-based depositors.
Company officials said that no penalty would be levied
on such pre-payment. This decision has been taken to ease
the financial difficulties that depositors might have due
to the massive earthquake that stuck the state recently.
Soon
after the earthquake, Essar Group had initiated rehabilitation
efforts and adopted the devastated Balambha village in
Jodia taluka of Jamnagar district and provided relief supplies
to 500 families in that village. The group had also mobilised
resources to rescue quake victims in Jamnagar, Bhuj, Surendranagar,
etc.
CORPORATE