Loan & Debt24 Jul 2026, 06:20 pm
Gujjubhai Industries Secures ₹24.17 Cr Loan Facility from Axis Bank
AI Summary
Gujjubhai Industries Ltd has received board approval to avail cash credit and term loan facilities totaling ₹24.17 Crores from Axis Bank Limited. The facilities, sanctioned under reference number AXIS-CAM590604260063/MEG/Bangalore/2025-26, will be secured by the hypothecation of the company's current assets and potentially by collateral from personal or corporate guarantors. This move is intended to support the company's financial operations and growth initiatives, subject to the terms outlined in the sanction letter.
Key Highlights
- Board approved ₹24.17 Cr in cash credit and term loan facilities.
- Facilities to be availed from Axis Bank Limited.
- Secured by hypothecation of current assets.
- Potential collateral from guarantors as per sanction letter.
Price Impact
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