Manpasand Beverages has decided to avail loan of Rs 100 crore against the mortgage/hypothecation of assets of the company and pledge of 100% shareholding of the Promoter Dhirendra Singh who is holding 44.32% of total issued and paid up capital of the company. The board of the company in their meeting has decided the same, in order to meet the current working capital requirements of the company.
Manpasand Beverages is India’s only pure play beverage company with a flagship brand, ‘Mango Sip’.