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Board on Nov 5 finalized Rs 60 crore unsecured 2-year credit facility from associate Nimbus (India) at 12% in tranches for business purpose, related-party at arm's length with shareholder approval at Sep 29 AGM. Context: second associate funding in a month as leverage builds.
Nimbus Projects To Borrow Rs 60 Crore From Associate Nimbus India
Nimbus Projects Invests ₹15 Crore In Sankalp Delhi Commercial Project
Nimbus Projects Renews ₹60 Crore Related-Party Credit Facility
Nimbus Projects Guarantees ₹23 Crore ICICI Bank Loan For Subsidiary IITL-Nimbus
Nimbus Projects Secures ₹40 Crore Term Loan From ICICI Bank