Joint Ventures30 March 2026 at 09:40 am
S.A.L. Steel Ltd. Enters into Deed of Hypothecation with Yes Bank Limited for Rs. 150 Crores
AI Summary
S.A.L. Steel Ltd. has executed a Deed of Hypothecation with Yes Bank Limited for a Working Capital Demand Loan of Rs. 150,00,00,000. The funds will be utilized for working capital requirements. The hypothecation covers the entire current assets of the company and is secured by personal and corporate guarantees. The agreement does not involve any related parties and is not a related party transaction.
Key Highlights
- S.A.L. Steel Ltd. has entered into a Deed of Hypothecation with Yes Bank Limited for a Working Capital Demand Loan of Rs. 150 Crores.
- The funds will be utilized for working capital requirements.
- The hypothecation covers the entire current assets of the company.
- The agreement is not a related party transaction.
- The agreement does not involve any related parties.
SALSTEELSponge Iron
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