Loan & Debt9 Jul 2026, 08:00 pm
Mukka Proteins Executes ₹9.1 Cr Loan Agreement with Subsidiary
AI Summary
Mukka Proteins Ltd has executed a loan agreement with its subsidiary, M/s. United Gulf Fishery Products LLC, for an inter-corporate loan of up to ₹9.10 Crore. The loan is intended to meet urgent business commitments and has an interest rate of 8% per annum with a tenure of five years. The company holds a 68% stake in the borrower. This unsecured loan transaction is conducted on an arm's length basis. As of the disclosure date, ₹3,01,22,744.17 of the loan amount is outstanding.
Key Highlights
- Mukka Proteins secures ₹9.1 Cr loan facility from subsidiary.
- Loan purpose: Urgent business commitments.
- Interest rate set at 8% p.a. with a 5-year tenure.
- Transaction is on an arm's length basis.
- Outstanding loan amount disclosed as ₹3.01 Cr.
Price Impact
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