Business

SPIC raises ₹89.35 cr. in first tranche of ECB

Southern Petrochemical Industries Corporation Ltd. (SPIC) on Wednesday raised a sum of ₹89.35 crore to meet its capital requirement for FY23.

In this regard, the company had executed a long-term agreement with one of the related parties to avail ₹180 crore through external commercial borrowings (ECB).

The first tranche of ₹89.35 crore was received on Wednesday and HDFC Bank was engaged as authorised dealer, it said in a regulatory filing.


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Printable version | Oct 7, 2022 1:37:51 am | https://www.thehindu.com/business/spic-raises-8935-cr-in-first-tranche-of-ecb/article38152348.ece