Federal Bank enhances CMR Green credit facility by about Rs 17 crores
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CMR Green Technologies has received approval from Federal Bank to enhance its working capital credit facility from Rs 148 crores to Rs 165 crores, an increase of Rs 17 crores. The enhanced funds will be used to meet working capital needs and support ongoing business operations. The company stated it will comply with all applicable regulatory requirements in connection with the facility.
Positive for shareholders. Signals bank confidence in the company and provides additional working capital liquidity to support business growth.