Loan & Debt29 May 2026, 07:52 pm
S.A.L. Steel Avails ₹50 Cr Term Loan from Axis Finance
AI Summary
S.A.L. Steel Ltd has availed a term loan of ₹50 Crore from Axis Finance Limited. The funds will be used for the repayment of ICD of AIA Engineering Limited. The loan is secured by a mortgage of the company's immovable and movable fixed assets, current assets, and personal guarantees from Mahesh Kumar Agarwal and Kaustubh Agarwal, along with a corporate guarantee from Sree Metaliks Limited. The loan is repayable in 20 equal quarterly installments over 5 years.
Key Highlights
- S.A.L. Steel has availed a ₹50 Cr term loan from Axis Finance Limited.
- The loan will be used to repay ICD of AIA Engineering Limited.
- The loan is secured by fixed and current assets, and personal/corporate guarantees.
- The loan tenure is 5 years, repayable in 20 quarterly installments.
Price Impact
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