
Default30 Jun 2026, 04:40 pm
Ansal Housing Defaults on ₹72.96 Cr Project Funding Loan
AI Summary
Ansal Housing Limited has disclosed a default on a project funding loan amounting to ₹72.96 crore (principal). The default occurred on May 31, 2026, concerning a loan from Suraksha Asset Reconstruction Private Limited. The total project funding was ₹169.00 crore with a 14% p.a. interest rate, secured and repayable in monthly installments until December 31, 2026. The company's total outstanding borrowings from banks/financial institutions stand at ₹200.99 crore, with total financial indebtedness at ₹209.23 crore.
Key Highlights
- Ansal Housing defaults on ₹72.96 Cr principal for project funding.
- Loan is secured, with 14% p.a. interest rate.
- Total financial indebtedness stands at ₹209.23 Cr.
- Default is on a loan from Suraksha Asset Reconstruction.
Price Impact
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