Announced Wed, 1 Jul · 17:25 IST
India Home Loan restructures about Rs 17.5 crore loan with IDFC First Bank
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹31.54
prior close
₹31.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.6-0.2+1.5+1.9+1.4-1.7-1.7———
Up moveDown movePending
AI summary
India Home Loan has restructured its existing subordinated unsecured term loan from IDFC First Bank. Outstanding dues of about Rs 17.55 crore (principal Rs 14.65 crore plus interest Rs 2.91 crore) will now be repaid in 84 monthly instalments at 12 percent interest, which can drop to 11 percent if first 12 payments are on time. Past penal interest has been waived. The company must route cash flows through IDFC accounts and provide a personal guarantee from promoter Mahesh Pujara.
Likely market impact
Restructuring eases short-term repayment pressure but signals stress; higher interest, promoter guarantee and tighter covenants raise risk.