Loan & Debt13 May 2026, 04:17 pm
Super Iron Foundry Grants ₹4.5 Cr Loan to Subsidiary
AI Summary
Super Iron Foundry Ltd has granted a loan of ₹4,50,00,000 to its wholly-owned subsidiary, SIF International FZE, for working capital requirements. The loan agreement was executed on May 13, 2026, with a total agreement size of ₹15,00,00,000, with the initial tranche being ₹4.5 Cr. The loan term is for 5 years.
Key Highlights
- Super Iron Foundry provides ₹4.5 Cr loan to SIF International FZE.
- The loan is intended for the subsidiary's working capital needs.
- The loan agreement was executed on May 13, 2026.
- The total loan agreement size is ₹15 Cr, with ₹4.5 Cr disbursed initially.
- The loan term is set for 5 years.
Price Impact
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