Nimbus Projects Ltd. to Avail Rs. 25 Crore Loan from Associate Company World Resorts Limited

Nimbus Projects Ltd. has finalized the terms and conditions to avail an unsecured loan/facility of Rs. 25.00 Crore from World Resorts Limited, an associate company. The loan will be used for business purposes and will be repaid at an interest rate of 10% per annum over a period of 2 years. Nimbus Projects Ltd. holds a 25.32% equity stake in World Resorts Limited. This transaction is considered a related party transaction as per SEBI regulations and is being carried out at arm's length.