Loan & Debt21 May 2026, 05:11 pm
Prakash Woollen Secures ₹4.68 Cr Loan from SBI
AI Summary
Prakash Woollen & Synthetic Mills Ltd has entered into a loan agreement with State Bank of India (SBI) on May 21, 2026, for ₹4.68 Crores. The loan, classified as WCTL (Working Capital Term Loan), will be used for working capital requirements. The interest rate is 8.65% or as decided by the bank, with a tenure of 5 years involving equated monthly installments. The agreement does not involve any shareholding or special rights for SBI.
Key Highlights
- Prakash Woollen secured a ₹4.68 Cr loan from State Bank of India.
- The loan is a Working Capital Term Loan (WCTL).
- The interest rate is 8.65% or as decided by the bank.
- The loan tenure is 5 years with equated monthly installments.
- The agreement does not include special rights for the lender.
Price Impact
More from PWASML