Announced Thu, 5 Nov, 2026 · 22:17 IST
Nimbus Projects finalises Rs 60 crore unsecured credit facility
NIMBSPROJ · price
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AI summary
The board approved an unsecured loan or credit facility of up to Rs 60 crore from Nimbus India, an associate and promoter-group company. Funds will be drawn in tranches for business purposes at 12% annual interest for two years. Shareholders approved the related-party transaction on 29 September 2026.
Likely market impact
The facility supports business funding but adds debt and annual interest costs. No share issuance or special rights are proposed.