Loan & Debt28 Feb 2026, 07:32 pm
Anupam Rasayan India Ltd Creates Non-Disposal Undertaking on TANFAC Industries Ltd Shares
AI Summary
Anupam Rasayan India Ltd, a promoter of TANFAC Industries Ltd, has created a non-disposal undertaking on its equity shares in favor of Axis Trustee Services Limited. This encumbrance is in relation to a commercial borrowing facility of USD 30,000,000 to be availed by Anupam Rasayan India Limited for the purpose of acquisition of Monitchem Kansas S.A.R.L. and its subsidiaries and payment of acquisition related costs.
Key Highlights
- Anupam Rasayan India Ltd, a promoter of TANFAC Industries Ltd, has created a non-disposal undertaking on its equity shares.
- The encumbrance is in favor of Axis Trustee Services Limited.
- The encumbrance is in relation to a commercial borrowing facility of USD 30,000,000.
- The borrowed amount will be utilized for the acquisition of Monitchem Kansas S.A.R.L. and its subsidiaries and payment of acquisition related costs.
- The face value of the equity shares of TC of Rs. 10/- each is in the process of being sub-divided.