Loan & Debt23 Sept 2026, 07:30 pm
Adon Agro Commodities Secures ₹10 Cr Loan from IDBI Bank
AI Summary
Adon Agro Commodities Ltd has entered into a loan agreement with IDBI Bank Ltd. for a Revolving WHR Demand Loan of ₹1000.00 Lakhs (₹10 Crore). The loan is intended for working capital purposes. The interest rate is set at RLLR + 0.20% p.a., with the current RLLR at 8.15% p.a. The loan facility is valid for 12 months and subject to annual review and renewal, contingent on clearing outstanding dues. The company has confirmed that the bank is not a related party.
Key Highlights
- Secured a ₹10 Crore revolving loan facility from IDBI Bank.
- Loan is for working capital requirements.
- Interest rate is RLLR + 0.20% p.a.
- Facility valid for 12 months, subject to annual review.
Price Impact
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