Shivamshree Businesses Approves ₹10 Crore Bank Of Baroda Credit Facilities

Board approved fresh credit facilities of Rs 10 Cr from Bank of Baroda, Ambawadi Branch, comprising Term Loan I Rs 4 Cr, Term Loan II Rs 1.25 Cr and Cash Credit Rs 4.75 Cr. Facilities for business requirements, secured by primary and collateral charges including hypothecation and mortgage per Bank's sanction terms. Adds leverage and interest burden; tenure, interest rate, repayment schedule, covenants and specific assets charged were not disclosed.