Nirlon Ltd to avail loan from HSBC and repay existing loan at HDFC

The Board of Directors of Nirlon Ltd, at its meeting held on March 25, 2022, has granted its approval for the Company to avail Loan / Credit Facilities from The Hongkong and Shanghai Banking Corporation Limited (HSBC) for an aggregate sum of up to Rs.12,300,000,000 (Indian Rupees One Thousand Two Hundred and Thirty Crore Only). The proceeds from the said Loan / Credit Facilities will be used to repay the existing Loan availed by the Company from HDFC Limited along with attendant pre-payment charges and other re-financing costs.

Shares of NIRLON LTD. was last trading in BSE at Rs. 385.45 as compared to the previous close of Rs. 383.20. The total number of shares traded during the day was 919 in over 70 trades.

The stock hit an intraday high of Rs. 390.90 and intraday low of 379.00. The net turnover during the day was Rs. 352357.00.

Source : Equity Bulls

Keywords

NIRLON INE910A01012 LoanFacilities HSBC HDFC