Loan & Debt25 Aug 2026, 05:01 pm
Vibhor Steel Tubes Lends ₹20 Cr to Wholly Owned Subsidiary
AI Summary
Vibhor Steel Tubes Ltd has approved a loan of ₹20 Crore to its wholly-owned subsidiary, Viyom Steel Infra Private Limited. The loan will be utilized by the subsidiary for working capital requirements and to establish a commercial manufacturing facility for infrastructure-related products, including transmission towers and poles. 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 is confirmed to be at an arm's length basis.
Key Highlights
- Vibhor Steel Tubes approved a ₹20 Cr loan to subsidiary Viyom Steel Infra.
- Funds will support subsidiary's working capital and new manufacturing facility.
- Loan is unsecured, with 9.5% interest, repayable within 10 years.
- Transaction confirmed to be at an arm's length basis.
Price Impact
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