Loan & Debt5 Jan 2026, 02:09 pm
Nimbus Projects Ltd. to Avail Unsecured Loan of INR 20 Crore from DRC Systems India Limited
AI Summary
Nimbus Projects Ltd. has announced that its Board of Directors has approved the availing of an unsecured loan of INR 20 Crore (INR Twenty Crore Only) from DRC Systems India Limited. The loan will be utilized for working capital and general business requirements. The loan agreement is expected to be executed shortly, and the loan will bear an interest rate of 8.25% per annum for a duration of 3 years. The company's website will have the latest information regarding this matter.
Key Highlights
- Nimbus Projects Ltd. to avail an unsecured loan of INR 20 Crore from DRC Systems India Limited
- Loan to be utilized for working capital and general business requirements
- Interest rate of 8.25% per annum
- Loan duration of 3 years
- Loan agreement to be executed shortly