Mukand has informed that it has executed loan agreements with a Bank on July 14, 2022, for availing a promoter backed unsecured loans as term loan/ working capital loan at competitive rates of interest of an amount aggregating to Rs 400 crores. The aforesaid loans will be utilized for refinancing existing high cost borrowings of the Company and for general business purposes.
The above information is a part of company’s filings submitted to BSE.