Loan & Debt6 Feb 2025, 05:04 pm
RAM RATNA WIRES LTD. Enters Unsecured Loan Agreement with Joint Venture Company Epavo Electricals
AI Summary
RAM RATNA WIRES LTD., a part of RR Global Company, has entered into an unsecured loan agreement with its joint venture company, Epavo Electricals Private Limited. The loan amount is Rs. 15 Crores, which will be used by Epavo to support its business activities, meet capital and operational expenditure, and other business requirements. The Company holds 50% stake in Epavo's paid-up share capital.
Key Highlights
- RAM RATNA WIRES LTD. enters into an unsecured loan agreement with its joint venture company, Epavo Electricals
- The loan amount is Rs. 15 Crores
- The loan will support Epavo's business activities, meet capital and operational expenditure, and other business requirements
- The Company holds 50% stake in Epavo's paid-up share capital