Investment20 Feb 2026, 12:01 pm
Anupam Rasayan India Executes USD 30 Million ECB Facility Agreement with Axis Bank for Proposed Acquisition
AI Summary
Anupam Rasayan India Limited has executed a facility agreement on 14 February 2026 for a credit facility of USD 30,000,000 (United States Dollars Thirty Million) to be availed as External Commercial Borrowing (ECB) from Axis Bank Limited, IBU GIFT City and other syndicated lenders. The ECB Facility shall be secured by the Company by way of hypothecation and mortgage documents. The proceeds of the ECB Facility will be utilized for partially funding the acquisition of the entire shareholding of Monitchem Kansas S.a r.l., and associated costs. The agreement was inadvertently registered as executed on 12 February 2026, which should have read as 14 February 2026.
Key Highlights
- Execution of a facility agreement for a credit facility of USD 30,000,000 as External Commercial Borrowing (ECB) from Axis Bank Limited, IBU GIFT City and other syndicated lenders.
- The ECB Facility will be utilized for partially funding the acquisition of the entire shareholding of Monitchem Kansas S.a r.l., and associated costs.
- The ECB Facility shall be secured by the Company by way of hypothecation and mortgage documents.
- The agreement was inadvertently registered as executed on 12 February 2026, which should have read as 14 February 2026.
- The funding under the ECB Facility is subject to customary conditions precedent including execution of agreements, viz., financing and security documents, corporate details of nominee on authorisations, and completion of security perfection requirements.