Legal24 Feb 2026, 04:20 pm
Nimbus Projects Ltd Repays Loan of Rs. 150 Crore to Bajaj Housing Finance
AI Summary
Nimbus Projects Ltd has announced the full repayment of a loan facility amounting to Rs. 150,00,00,000/- (Rupees One Hundred Fifty Crore only) availed from Bajaj Housing Finance Limited. The loan, which was disclosed on February 10, 2025, has been fully repaid, leading to the closure of the loan facility. The Company will now initiate the process for satisfaction of the charge with the Registrar of Companies. This development is a significant move for the Company and reflects its financial strength and commitment to meeting its obligations.
Key Highlights
- Nimbus Projects Ltd has fully repaid a loan of Rs. 150 Crore to Bajaj Housing Finance
- The loan facility has been closed
- The Company will initiate the process for satisfaction of the charge with the Registrar of Companies
- This repayment reflects the Company's financial strength and commitment to meeting its obligations