Company has executed a loan agreement with Tata Capital Limited (lender) for a Rupee Term Loan facility of Rs…
As filed · we write to inform you that the Company has executed a loan agreement with Tata Capital Limited (lender) for a Rupee Term Loan facility of Rs 100 crore.
CapitalMinormateriality 55 out of 100
What happened
FactThe Company has executed a loan agreement with Tata Capital Limited (lender) for a Rupee Term Loan facility of Rs 100 crore. agreement with “Tata Capital Limited” (lender) for a Rupee Term Loan facility of Rs 100 crore. Facility will be used by the Company towards infusion as unsecured loans in Energy In Motion Limited.
Why it matters
CapitSignal interpretationNew borrowing adds interest cost and covenants ahead of equity in the capital structure.
Watch next
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%