Loan & Debt9 Sept 2026, 05:30 pm
Eris Lifesciences Secures ₹45 Cr Term Loan from Axis Bank
AI Summary
Eris Lifesciences Ltd has entered into an agreement to avail a term loan of ₹45,00,00,000/- (Rupees Forty Five Crores Only) from Axis Bank Limited. The loan is intended to meet other liabilities. The company stated that this is a routine financial adjustment and will not impact the expected Net Debt figure at the end of the quarter. The loan agreement was executed on September 09, 2026, and Axis Bank will have a charge on the company's brands as security. This transaction does not involve related parties.
Key Highlights
- Eris Lifesciences secures a ₹45 Cr term loan from Axis Bank.
- Loan proceeds to be used for meeting other liabilities.
- Transaction is a routine financial adjustment.
- Net Debt figure at quarter-end is not expected to be impacted.
- Axis Bank will hold a charge on the company's brands.
Price Impact
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