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Board on Nov 5 finalized Rs60 crore unsecured loan facility from associate Nimbus (India) Ltd in tranches at 12% for two years for business purpose, related-party at arm's length with Sept 29 AGM approval. Context: second associate facility in a month extending leverage build.
Nimbus Projects Finalises Rs60 Crore Unsecured Loan 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