Maharashtra Seamless Ltd prepays loan of Rs. 315 crores

Maharashtra Seamless Limited has made a voluntary prepayment of long term loan outstanding of Rs. 315 crores approx. to HDFC Bank Limited on 10th October, 2022 from internal accruals of the Company.

This long term loan was availed from HDFC Bank Limited in 2019 for part fund the acquisition of United Seamless Tubulaar Private Limited. The aforesaid loan was repayable over a period of 10 years.

Source : Equity Bulls

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MaharashtraSeamless Prepayment LongTermLoan InternalAccruals