Balance Inter Corporate Deposits of Rs. 44 Crore Repaid; Outstanding Now Nil
The company repaid the balance Inter Corporate Deposits (ICDs) of Rs. 44 Crore taken from Zuari Industries Limited.
- Balance ICD Repaid
- Rs. 44 Crore
- Earlier Repayment
- Rs. 214.50 Crore
- Total ICDs Cleared
- Rs. 258.50 Crore
- Outstanding ICDs Status
- Nil
What was shared
The company informed the exchanges under Regulation 30 that it has repaid the remaining Inter Corporate Deposits (ICDs) availed from Zuari Industries Limited.
The numbers
- Total ICDs availed from Zuari Industries Limited: Rs.258.50 Crore
- Already repaid (disclosed earlier): Rs. 214.50 Crore
- Repaid now: Rs. 44 Crore
- Outstanding ICDs from Zuari Industries Limited: Nil
What it means simply
An Inter Corporate Deposit is a loan taken by one company from another company. Here the borrowing was from Zuari Industries Limited. With this final payment, that borrowing is fully cleared.
Investors may read this as a reduction in the company's borrowings from a group entity, closing out the ICD obligation completely.
More numbers
- Balance ICDs repaid nowRs. 44 Crore
- ICDs repaid earlierRs. 214.50 Crore
- Total ICDs availedRs.258.50 Crore
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