What to watch. Supreme Holdings: loan repayment bodes well

Supreme Holdings & Hospitality (India) has informed the exchanges that it has fully repaid the Term Loan of ₹41.10 crore availed by iteself from Oriental Bank of Commerce, Cuff Parade, Mumbai, for its residential project at Pune. The company is now in the process of releasing the charge created by Oriental Bank on Pune land as a security for repayment of the Term Loan. Shares may react positively to the development.