Mukand Ltd to refinance existing high cost borrowings with new loan

Mukand Ltd have executed loan agreements with a Bank on July 14, 2022, for availing a promoter backed unsecured loans as term loan / working capital loan at competitive rates of interest of an amount aggregating to Rs. 400 crores.

The aforesaid loans will be utilized for refinancing existing high cost borrowings of the Company and for general business purposes.

Shares of Mukand Limited was last trading in BSE at Rs. 104.05 as compared to the previous close of Rs. 105.00. The total number of shares traded during the day was 59723 in over 235 trades.

The stock hit an intraday high of Rs. 104.40 and intraday low of 101.95. The net turnover during the day was Rs. 6107612.00.

Source : Equity Bulls

Keywords

Mukand INE304A01026 LoanAgreement Refinancing