Investment3 Jul 2025, 06:22 pm
Godawari Power & Ispat Grants Additional Inter Corporate Loan of Rs 30 Cr to Deccan Gold Mines
AI Summary
Godawari Power and Ispat Limited (GPIL) has executed a Facility Agreement for grant of additional Inter Corporate Loan of Rs. 30 Crore from surplus fund of the Company to Deccan Gold Mines Limited (DGML). The loan will be used for acquiring equity shares of Geomysore Services (India) Private Limited and for the development of Altyn Tor Gold Project of Avellum Partner LLC in Kyrgyzstan. The tenure of the loan is 36 months with an interest rate of 12% per annum.
Key Highlights
- Godawari Power and Ispat Limited grants additional Inter Corporate Loan of Rs. 30 Crore to Deccan Gold Mines Limited
- Loan to be used for acquiring equity shares and for project development
- Tenure of the loan is 36 months with an interest rate of 12% per annum
- Certified Hira Infra-tek Limited, a promoter group company of Lender Company, holds 9.95% equity in Borrower Company and also holds 10% stake in Avellum Partner LLC, Kyrgyzstan