MoU1 Mar 2024, 01:52 am
KESORAM INDUSTRIES LTD. ENTERS INTO FACILITY AGREEMENT FOR RS.1850 CRORES
AI Summary
The company has entered into a facility agreement with Tata Capital Limited, Tata Capital Housing Finance Limited, and Hero Fincorp Limited for refinancing existing debts and other expenses. The agreement is for Rs.1850 crores and has a moratorium period of nine months. The company has also disclosed the details of the agreement as per Regulation 30 of SEBI (LODR) Regulations, 2015.,
Key Highlights
- Refinancing of existing debts
- Rs.1850 crores facility agreement
- Moratorium period of nine months
- No related party transactions