Loan & Debt15 May 2026, 07:32 pm
Bluspring Subsidiary BNHOPL Secures ₹175 Cr Loan
AI Summary
Bluspring Enterprises Ltd's wholly-owned subsidiary, Bluspring New Horizon One Private Limited (BNHOPL), has entered into a term loan agreement with Poonawalla Fincorp Limited for ₹175 Crores. The loan will finance BNHOPL's acquisition of 100% of the paid-up share capital of STEAG Energy Services (India) Private Limited (SESI). The secured loan has a tenor of up to 48 months and is secured against the fixed and current assets of BNHOPL, with a corporate guarantee from Bluspring Enterprises.
Key Highlights
- BNHOPL secured a ₹175 Cr term loan from Poonawalla Fincorp.
- The loan will fund the acquisition of STEAG Energy Services (India) Private Limited (SESI).
- The loan is secured against BNHOPL's assets and a corporate guarantee from Bluspring.
- The term loan has a tenor of up to 48 months.
- The transaction is not a related party transaction.
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