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Transwarranty Finance Limited has availed a ₹150 million loan from IDFC First Bank. To secure the facility, promoter Kumar Nair pledged 14,033,381 equity shares. The disclosure was made to stock exchanges under SEBI regulations, signaling transparent compliance. The funding is expected to bolster operational needs and growth initiatives
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Transwarranty Finance Limited announced that it has secured a ₹150 million (₹15 crore) loan from IDFC First Bank. As collateral, promoter Kumar Nair has pledged 14,033,381 equity shares. The company disclosed the transaction to NSE and BSE in line with SEBI (LODR) norms, underscoring regulatory compliance and market transparency
Notable updates
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Loan facility: ₹150 million availed from IDFC First Bank to support business requirements and potential expansion
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Collateral detail: Promoter pledge of 14,033,381 equity shares to secure the loan facility
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Regulatory disclosure: Filing made under SEBI (LODR) Regulations to both NSE and BSE
Major takeaways
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Liquidity boost: The loan strengthens near-term liquidity, enabling operational continuity and strategic initiatives
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Governance signal: Transparent exchange filings aim to reassure investors on compliance and disclosures
Important points
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Promoter action: Pledge indicates commitment to securing funding while balancing promoter ownership dynamics.
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Banking partner: IDFC First Bank acts as the lender for the facility
Sources: ScanX News; Rediff MoneyWiz Rediff
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