Mac Charles India Ltd — Important, 04-11-2025: Company Update
04-11-2025 | 04:43 pm
04-11-2025 | 04:43 pm
Mac Charles (India) Limited's Board has approved significant financing moves. The company will avail a term loan facility of 1080 Crores from State Bank of India. Additionally, the Board sanctioned providing a Corporate Guarantee and creating security for Listed Non-Convertible Debentures worth 540 Crores. These debentures are proposed to be issued by Mac Charles Hub Projects Private Limited, its wholly-owned subsidiary. These actions signal major financial undertakings to support both the parent company's operations and its subsidiary's capital requirements for potential growth initiatives.
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