ideaForge secures Rs 151 cr loan from TDB for YETI aerial logistics project
IDEAFORGE · price
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ideaForge Technology has signed a loan agreement with Technology Development Board (TDB) for Rs 151 Crores in tranches. Funds will finance the YETI heavy lift long range autonomous aerial logistics vehicle project. Loan executed on Oct 9, 2026. Security is a first-ranking charge on project assets, plant, machinery and equipment. The loan carries standard commercial covenants, matching funding obligations, IPR retention terms, and promoter share transfer restrictions above 20 percent. No special board or capital structure rights given to TDB. Related party transaction: No.
Secures funding for YETI project. Adds Rs 151 cr term debt backed by project assets. Promoter share transfers above 20 percent are restricted.