Investment23 Sept 2025, 02:30 pm
HEG Ltd. Approves Unsecured Loan of Rs. 210 Crores to Associate Company Bhilwara Energy Limited
AI Summary
HEG Ltd. has approved the granting of an unsecured loan of Rs. 210 Crores to its associate company, Bhilwara Energy Limited (BEL). The loan is intended to fund BEL's growth trajectory. Bhilwara Energy Limited is currently an associate of HEG Ltd., holding 40.42% of its share capital. The loan will be repaid in one year with a 9% annual interest rate. The transaction is at arm's length and not a related party transaction.
Key Highlights
- HEG Ltd. approves unsecured loan of Rs. 210 Crores to Bhilwara Energy Limited
- Loan intended to fund the growth trajectory of Bhilwara Energy Limited
- Bhilwara Energy Limited is an associate of HEG Ltd. with 40.42% share capital held by HEG Ltd.
- Loan to be repaid in one year with a 9% annual interest rate
- Transaction is at arm's length and not a related party transaction