Loan & Debt14 Nov 2025, 08:22 pm
Nimbus Projects Ltd. Announces Renewal of Long-Term Loan Facility
AI Summary
Nimbus Projects Ltd. has announced the renewal of a long-term unsecured loan facility of Rs. 25 Crore (Rupees Twenty-Five Crore) for its joint venture partnership firm, IITL-Nimbus, The Express Park View. The loan is being availed from Nimbus (India) Limited, an Associate of the company. The funds will be utilized towards business objectives and discharging payment obligations. The transaction is at arm's length and is subject to shareholder approval.
Key Highlights
- Renewal of a long-term unsecured loan facility of Rs. 25 Crore for the joint venture partnership firm
- The loan is being availed from Nimbus (India) Limited, an Associate of the company
- The funds will be utilized towards business objectives and discharging payment obligations
- The transaction is at arm's length and is subject to shareholder approval
- Nimbus (India) Limited is an associate and a promoter group Company of Nimbus Projects Ltd.