Loan & Debt25 Aug 2026, 04:51 pm
Vibhor Steel Tubes Approves ₹20 Cr Loan to Subsidiary
AI Summary
Vibhor Steel Tubes Ltd announced that its Board of Directors, in a meeting held on August 25, 2026, approved a loan of INR 20 Crore to its wholly-owned subsidiary, Viyom Steel Infra Private Limited. The loan will be utilized by the subsidiary for its working capital requirements and to purchase land for setting up a commercial manufacturing facility for infrastructure-related products. The loan is unsecured, carries an interest rate of 9.5%, and is repayable on demand with a maximum period of 10 years. The transaction has been conducted on an arm's length basis.
Key Highlights
- Board approved a loan of ₹20 Crore to a wholly-owned subsidiary.
- Loan to fund subsidiary's working capital and land acquisition.
- Interest rate set at 9.5% with a 10-year repayment term.
- Transaction confirmed to be on an arm's length basis.
- Loan is unsecured with no security provided.
Price Impact
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