Announced Fri, 19 Jun · 16:31 IST
SBEC Sugar to avail Rs 100 Cr inter corporate loan from promoter group firm
Price
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Price reaction · full curve 14 horizons · vs prior close
-9.6%1-day move
₹80.38
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
SBEC Sugar Ltd has entered into an inter corporate loan agreement with M/s Longwell Investment Private Limited, a promoter group entity, to avail unsecured financial assistance of Rs 100 Crores at 15 percent per annum interest. The loan dated 19 June 2026 is classified as a related party transaction done at arm's length basis. No security has been provided by the company.
Likely market impact
Company raises Rs 100 Cr from promoter group at 15 percent interest, which is a high borrowing cost. Unsecured related party loan adds to debt burden.