Loan & Debt17 Apr 2026, 03:43 pm
Bhatia Communications enters ₹6 Cr inter-corporate loan agreement
AI Summary
Bhatia Communications & Retail (India) Ltd's Board of Directors approved an inter-corporate loan agreement with M/s Skytower Enterprises LLP on April 17, 2026. The company will act as the lender for an unsecured loan of ₹6 Crores to Skytower Enterprises LLP. The loan carries an interest rate of 9.00% per annum and has a tenure of 4 years from the first disbursement, or earlier if demanded by the lender. The company clarified that Skytower Enterprises LLP is not related to its promoter/promoter group, and the transaction does not fall under related party transactions.
Key Highlights
- Bhatia Communications approved a ₹6 Cr inter-corporate loan.
- The company will lend to M/s Skytower Enterprises LLP.
- The loan is unsecured with a 9.00% annual interest rate.
- It has a tenure of 4 years from the first disbursement.
- The transaction is not with a related party.