Loan & Debt11 Sept 2026, 10:48 am
Star Paper Mills Secures ₹50 Cr Working Capital Loan from UCO Bank
AI Summary
Star Paper Mills Ltd has executed a working capital loan agreement with UCO Bank, securing facilities aggregating up to ₹50 Crores. This includes ₹40 Crores in fund-based facilities and ₹10 Crores in non-fund based facilities. The loan agreement was executed on September 10, 2026. The company has provided a charge over its current and fixed assets as security. No promoter or director has an interest in this transaction. The loan amount is yet to be disbursed.
Key Highlights
- Secured ₹50 Cr working capital loan from UCO Bank.
- Loan comprises ₹40 Cr fund-based and ₹10 Cr non-fund based facilities.
- Security provided includes charge over current and fixed assets.
- No promoter or director interest in the transaction.
- Loan amount is yet to be disbursed.
Price Impact
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