Polyspin Exports Ltd board approves Axis Bank's sanction letter for borrowing

The Board of Directors of Polyspin Exports Ltd at their meeting held today (January 7, 2022) have approved the sanction letter issued by Axis Bank Limited on the total borrowing exposure of Rs.99.96 Crores in place of the existing credit limits of the Company.

The Board also authorized Shri R. Ramji, Managing Director to execute and sign the documents and to do all such acts, deeds and things as may be necessary in this regard.

Shares of Polyspin Exports Ltd was last trading in BSE at Rs. 72.30 as compared to the previous close of Rs. 70.45. The total number of shares traded during the day was 8323 in over 79 trades.

The stock hit an intraday high of Rs. 72.45 and intraday low of 70.00. The net turnover during the day was Rs. 597905.00.

Source : Equity Bulls

Keywords

PolyspinExports INE914G01029 SanctionLetter AXISBank Borrowing CreditLimits