Loan & Debt8 Oct 2026, 10:10 pm
Runwal Enterprises Lends ₹225 Cr to Subsidiaries for Loan Repayment
AI Summary
Runwal Enterprises Limited has subscribed to Non-Convertible Debentures (NCDs) worth ₹175 Crores in its wholly owned subsidiary, Runwal Residency Private Limited (RRPL), and ₹50 Crores in step-down subsidiary, Evie Real Estate Private Limited (EREPL). The purpose of these NCDs is to facilitate the repayment of secured loans availed by RRPL and EREPL. The NCDs carry an interest rate of 10.50% per annum and have a tenure of 10 years. This transaction is considered a related party transaction but is conducted at arm's length.
Key Highlights
- Runwal Enterprises lends ₹225 Cr to subsidiaries RRPL and EREPL.
- Funds are for repayment of secured loans by subsidiaries.
- NCDs carry a 10.50% interest rate with a 10-year tenure.
- Transaction is a related party transaction at arm's length.
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