
Loan & Debt29 Jun 2026, 05:20 pm
Baroda Rayon Secures ₹80 Cr Loan Facility from Aditya Birla Capital
AI Summary
Baroda Rayon Corporation Ltd announced the outcome of its Board meeting held on June 29, 2026. The board approved a secured term loan facility of ₹80.00 Crore from Aditya Birla Capital Limited (ABCL). This facility comprises the takeover/refinancing of an existing consortium loan of ₹32.06 Crore from The Mehsana Urban Co-operative Bank Ltd., The Sutex Co- operative Bank Ltd., and Surat National Co-operative Bank Ltd., along with a fresh term loan of ₹47.94 Crore. The terms and conditions are detailed in the sanction letter and definitive loan documents.
Key Highlights
- Secured term loan facility of ₹80 Crore approved.
- Loan obtained from Aditya Birla Capital Limited.
- Facility includes refinancing existing debt and fresh funding.
- Refinancing covers ₹32.06 Crore from cooperative banks.
Price Impact
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