Business Update12 Jan 2024, 12:08 am
Omaxe Limited Repays Loan of Rs. 440 Crores
AI Summary
Omaxe Limited, a real estate company, has repaid the entire loan facility of Rs. 440 Crores obtained from M/s Credit Solutions India Trust (“CSIT”) of Varde Partners, along with the interest thereon. The company has also availed a financial assistance of Rs. 450 Crores from Kotak Mahindra Bank Limited to meet the working capital requirements for its projects.,
Key Highlights
- Omaxe Limited repays loan of Rs. 440 Crores
- Company avails financial assistance of Rs. 450 Crores from Kotak Mahindra Bank Limited
- Loan repayment and financial assistance to meet working capital requirements for projects