Board approves Rs 1.5 Cr term loan for film rights acquisition

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AI summary

Nouveau Global Ventures' board approved a secured term loan of Rs 1.5 Crores from Prime Capital Market Limited on June 15, 2026. The loan will fund acquisition of film rights (also approved at ~Rs 1.5 Crores) and meet business needs. The loan is secured by equitable mortgage on two Mumbai properties in Andheri West. No special rights granted to the lender, and the transaction is not a related party deal.

Likely market impact

Adds Rs 1.5 Cr debt to the books, secured by mortgage on company properties; supports film rights expansion.