Loan & Debt27 May 2026, 09:21 pm
Paul Merchants: Realtors Loan Limit Increased to ₹150 Cr
AI Summary
Paul Merchants Ltd's board approved increasing the term loan limit for its wholly-owned subsidiary, Paul Merchants Realtors Private Limited (PMRPL), from ₹100 Crores to ₹150 Crores. The board also approved modifications to the interest payment terms for PMRPL's working capital limit of up to ₹25 Crores. The interest rate on the term loan will be reviewed quarterly and is currently set at 11.00% p.a. The loan will be used by PMRPL in its principal business activities.
Key Highlights
- Paul Merchants Realtors Private Limited's term loan limit increased from ₹100 Cr to ₹150 Cr.
- Interest payment terms modified for PMRPL's working capital limit of up to ₹25 Cr.
- Current interest rate on the term loan is 11.00% p.a., subject to quarterly review.
- The loan will be used by PMRPL in its principal business activities.
- Executive Committee holds a delegated buffer to enhance the loan by an additional ₹50 Cr if required.