Nimbus Projects Board Approves Plan to Avail INR50 Million Loan from ICICI Bank; Shares Up 4%

MT Newswires Live

02/11

Nimbus Projects (BOM:511714) said its board has approved availing a secured loan facility of 50 million Indian rupees from ICICI Bank (NSE:ICICIBANK, BOM:532174), according to an Indian bourse filing on Tuesday.

Shares of the company rose nearly 4% in Wednesday's trade.

The facility will carry a floating interest rate of 8.50% per annum and has a tenure of 162 months, the filing said. The proceeds will be used for general corporate purposes, it added.

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The proceeds will be used for general corporate purposes, it added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930656.SGD","symbol_name":"FRANKLIN INDIA \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2610854299","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610854299","pubTimestamp":1770793332,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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