HDFC Bank enhances Cash Credit facility from Rs 40 crore to Rs 70 crore
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Vippy Spinpro has received approval from HDFC Bank to enhance its fund-based working capital Cash Credit facility from Rs 40 crore to Rs 70 crore, an increase of Rs 30 crore. The company says the additional limit will support its working capital needs and regular business operations. Required documentation has been completed. Filed under SEBI LODR Regulation 30.
Higher working capital headroom supports business growth; bank-led limit enhancement signals continued lender confidence in the company.