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Shares of IOL Chemicals and Pharmaceuticals may see buying activity as the company said it has made pre-payment of term loan of ₹21.17 crore that was due on June 28, 2019, in addition to the regular repayment schedule. Thus, the company has pre-paid term loan aggregating to ₹68.79 crore till date in order to reduce its debt, IOL Chemicals further said. The company had reported a profit of ₹236.70 crore and revenues of ₹4,685.33 crore for financial year 2018-19.
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