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Aditya Birla Finance Ltd released the Charges with respect of Term Loan of Rs. 350 Million

Posted On: 2021-05-07 10:09:42 (Time Zone: UTC)


Heranba Industries Limited ('Heranba') has announced that the entire term loan of Rs. 350 Million availed by its group company 'Insunt Trading Private Limited' from the Aditya Birla Finance Ltd ("ABFL") in which Heranba Industries and Shakti Bio Science are CoBorrowers for said Term Loan, has been repaid to ABFL.

Accordingly, ABFL had released the Charges created on all securities, of Heranba Industries vis--vis its Group Companies and issued a NO DUES CERTIFICATE in this regards.

Commenting on this development, Mr. R K Shetty, Managing Director, Heranba, said that this is in line with the commitment from the promoter's to address this issue at the time of IPO of the Company.


Source: Equity Bulls

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