Repayment of loan facility availed from Bajaj Housing Finance Limited
NIMBSPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nimbus Projects Ltd has fully repaid a loan of Rs. 150 crore (One Hundred Fifty Crore) that it had taken from Bajaj Housing Finance Limited. The original loan was disclosed to the stock exchange on February 10, 2025. With this repayment, the loan facility stands completely closed. The company will now begin the process of getting the charge removed from its records at the Registrar of Companies.
This is a positive development for shareholders as it means the company is now free of this Rs. 150 crore debt obligation, which could improve its balance sheet, reduce interest expenses, and strengthen financial flexibility going forward.