Deals4 Mar 2025, 12:29 am
AVI Polymers Ltd Enters Receivable Sale Agreement with Cornucopia Tradelink for 200 Million Rupees
AI Summary
AVI Polymers Ltd has entered into a Receivables Sale Agreement with M/s Cornucopia Tradelink Private Limited. The agreement involves the transfer of all rights, title, interests, dues, rewards, powers, risks, and obligations related to amounts due from Hindustan Cables Limited and related FDs along with Bank Guarantees given. The agreement is for an amount of 200 Million Rupees, and the receivables are sold on a no recourse basis. This disclosure is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- AVI Polymers Ltd has entered into a Receivables Sale Agreement with M/s Cornucopia Tradelink Private Limited.
- The agreement involves the transfer of all rights, title, interests, dues, rewards, powers, risks, and obligations related to amounts due from Hindustan Cables Limited and related FDs along with Bank Guarantees given.
- The agreement is for an amount of 200 Million Rupees.
- The receivables are sold on a no recourse basis.
- This disclosure is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.