Art Nirman LimitedARTNIRMANNSE
Board Meeting concluded and considered to obtain one or more financial facilities aggregating to the extent…
As filed · The Board Meeting concluded and considered to obtain one or more financial facilities aggregating to the extent of Term Loan ofRs.130,00,00,000/- ( Rupees One Hundred Thirty Crores Only) from Kotak Ma
CapitalWatchMinormateriality 55 out of 100
What happened
FactThe Board Meeting concluded and considered to obtain one or more financial facilities aggregating to the extent of Term Loan ofRs.130,00,00,000/- ( Rupees One Hundred Thirty Crores Only) from Kotak MahindraInvestments Limited and to create Charge thereon. To obtain one or more financial facilities aggregating to the extent of Term Loan of. Rs.130,00,00,000/- ( Rupees One Hundred Thirty Crores Only) from Kotak Mahindra.
Why it matters
CapitSignal interpretationNew borrowing adds interest cost and covenants ahead of equity in the capital structure.
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Fact- Coupon and tenor
- Purpose of the borrowing
- Resulting net-debt level
Evidence
How CapitSignal classified this
- Reasoning:
- DEBT_RAISE base 50; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%