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Other Textile Products
Loan & Debt8 Oct 2026, 06:00 pm

Vippy Spinpro's CC Limit Enhanced to ₹70 Cr from ₹40 Cr

AI Summary

Vippy Spinpro Ltd has received approval from HDFC Bank Limited for an enhancement of its fund-based working capital Cash Credit (CC) facility. The facility has been increased from ₹40 crore to ₹70 crore, representing an enhancement of ₹30 crore. This move is intended to augment the Company's working capital requirements and support its regular business operations. The necessary documentation for this enhancement has been completed, and the facility is considered to be in the ordinary course of the Company's business.

Key Highlights

  • Vippy Spinpro's CC limit increased to ₹70 Cr.
  • HDFC Bank approved ₹30 Cr enhancement.
  • Boosts working capital for business operations.
  • Facility is in the ordinary course of business.