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CESC seeks shareholder's nod for Rs 1,841 crore loan

Power utility company CESC Limited has sought shareholders' nod for a Rs 1,841 crore term loan from banks.

July 05, 2017 / 10:17 PM IST
 
 
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Power utility company CESC Limited has sought shareholders' nod for a Rs 1,841 crore term loan from banks.

CESC said in order to finance a part of capital expenditure, working capital requirements and refinance part of its existing loan, it has availed Rs 1841.63 crore term loan from seven banks.

ICICI Bank has offered Rs 300 crore, HDFC Bank Rs 250 crore, Karnataka Bank Rs 200 crore, Central Bank Rs 125 crore, SBI Rs 400 crore, Citi Bank Rs 416 crore and DBS Bank Rs 150 crore as term loan to CESC, the company said.
first published: Jul 5, 2017 08:09 pm

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