Ultramarine & Pigments Debt & Borrowing: ₹65 Cr
Ultramarine & Pigments Ltd has entered into an agreement to provide an unsecured inter-corporate loan of ₹65 Crore to related party Thirumalai Chemicals Ltd. The loan features a 10% annual interest rate with quarterly compounding, payable after a three-year tenure. The transaction is conducted at arm's length between the promoter group entities.
- Value
- ₹65.00 Cr
- Execution
- 3 years