Term Loan of Rs. 10,00,00,000 Sanctioned by City Union Bank
City Union Bank has sanctioned a Term Loan of Rs. 10,00,00,000 (Rupees Ten Crores only) to the company.
- Lender
- City Union Bank Limited
- Facility Type
- Term Loan
- Amount Sanctioned
- Rs. 10,00,00,000 (Rupees Ten Crores only)
What was announced
The company has intimated the exchanges that City Union Bank Limited has sanctioned a Term Loan of Rs. 10,00,00,000/- (Rupees Ten Crores only) to Akme Fintrade (India) Limited.
Key points
- Lender: City Union Bank Limited
- Facility type: Term Loan
- Amount sanctioned: Rs. 10,00,00,000
Why it matters
Akme Fintrade operates as a lending business, where borrowed funds are a key raw material. A sanction from a bank indicates availability of additional funding lines, which such companies typically use to support their loan book. A sanction is an approval of the facility; drawdown and usage follow the bank's terms.
The information has also been made available on the company's website.
Also from Akme Fintrade (India)
Board to consider and approve NCD issue up to INR 350 Crores at October 10, 2026 meeting
7 Oct 2026
Trading approval received for 1,30,00,000 equity shares allotted on conversion of warrants
6 Oct 2026
Notice to shareholders on unpaid dividend and related shares liable for transfer to IEPF
6 Oct 2026
More numbers
- Term Loan sanctioned by City Union BankRs. 10,00,00,000/-
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