Loan & Debt19 Jun 2026, 04:41 pm
SBEC Sugar Ltd Secures ₹100 Cr Intercorporate Deposit
AI Summary
SBEC Sugar Ltd has entered into an intercorporate loan agreement with M/s. Longwell Investment Private Limited to avail unsecured financial assistance of ₹100 Crores. The loan will be at an annual interest rate of 15 percent. M/s. Longwell Investment Private Limited belongs to the Promoter Group of SBEC Sugar Ltd, and the transaction is considered a related party transaction conducted on an arm's length basis. No security has been provided by SBEC Sugar Limited for this loan.
Key Highlights
- SBEC Sugar Ltd secures ₹100 Cr unsecured financial assistance.
- Loan agreement with Promoter Group entity, Longwell Investment Pvt Ltd.
- Interest rate set at 15% per annum.
- Transaction is on an arm's length basis.
- No security provided by SBEC Sugar Ltd.
Price Impact
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