Loan & Debt2 Jul 2026, 07:30 pm
Sical Logistics Signs Loan Agreements with Axis Bank
AI Summary
Sical Logistics Limited has executed term loan and working capital loan agreements with Axis Bank Limited. The company will avail a term loan facility of up to ₹85 crore for refinancing existing debt from Aditya Birla Finance Limited. Additionally, it secured a working capital facility comprising a cash credit of up to ₹15 crore and a bank guarantee facility of up to ₹15 crore. The term loan has a tenure of 9 years with an interest rate of 9.25% per annum, while the cash credit facility has a tenure of 12 months with an interest rate of 8.25% per annum. These agreements were executed on July 02, 2026.
Key Highlights
- Sical Logistics secures term and working capital loans from Axis Bank.
- Term loan of ₹85 crore for refinancing existing debt.
- Working capital facilities include ₹15 crore cash credit and ₹15 crore bank guarantee.
- Term loan tenure is 9 years at 9.25% interest.
- Agreements executed on July 02, 2026.
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