Nimbus Projects Debt & Borrowing: ₹60 Cr
Nimbus Projects Limited decided to renew an unsecured loan facility of ₹60 Crore from its associate company, Nimbus (India) Limited, subject to shareholder approval.
- Value
- ₹60.00 Cr
- Execution
- 2 years
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Nimbus Projects Limited decided to renew an unsecured loan facility of ₹60 Crore from its associate company, Nimbus (India) Limited, subject to shareholder approval.
Nimbus Projects Ltd will act as a guarantor for a ₹23 Crore term loan facility availed by its subsidiary, IITL-Nimbus, from ICICI Bank.
Nimbus Projects Limited has secured a term loan facility of up to ₹40 Crore from ICICI Bank Limited. The funds will be utilized for project financing.
Nimbus Projects Ltd approved availing a ₹250 Crore term loan from Piramal Finance Limited. The 48-month facility supports general corporate purposes and carries fixed interest rates.