Announced Fri, 19 Jun · 20:24 IST
Pajson Agro India gets Rs 27.5 cr credit facility boost from Kotak Mahindra
Price
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Price reaction · full curve
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AI summary
Pajson Agro India has secured an enhanced credit facility of Rs 27.50 crore from Kotak Mahindra Bank. This includes Rs 7.50 crore for working capital demand loan and letter of credit, and Rs 20 crore as a term loan with 84 month tenure. The working capital facility has a 90 day tenure. Security is provided via first and exclusive charge on current assets and movable fixed assets of the company.
Likely market impact
Boosts working capital and long term funding capacity, supporting business growth and operations.