HEG Ltd. Approves Unsecured Loan of Rs. 210 Crores to Associate Company Bhilwara Energy Limited

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 the company and is in the process of amalgamating with HEG Limited under a composite scheme of arrangement. The loan will have a tenure of one year from the date of disbursement, with an interest rate of 9% p.a. and will be repaid in a bullet payment on the date of maturity. The transaction is at arm's length basis.