Current Infraprojects Boosts Credit Facilities by ₹2.69 Crore with IndusInd Bank
Current Infraprojects Limited has secured an enhancement to its existing credit facilities from IndusInd Bank Limited, enabling the company to meet its working capital requirements and general corporate/business needs. The financial restructuring transaction involves increasing the aggregate fund-based and non-fund-based facilities held by the borrower.According to the details of the agreement, Current Infraprojects Ltd has received an additional sanction of ₹2.69 Crore. With this enhancement, the total sanctioned credit facility from IndusInd Bank Limited now stands at ₹36.69 Crore, up from the previous aggregate amount of ₹34.00 Crore.
The facilities were executed between IndusInd Bank Limited (Lender) and Current Infraprojects Limited (Borrower). The enhanced credit facilities are backed by various security measures, including mortgage, hypothecation, pledge, and assignment interests over the company's movable and immovable assets, as stipulated in the Sanction Letter and associated documents.
Key details of the credit facility enhancement transaction include:
| Parameter | Details |
|---|---|
| Lender | IndusInd Bank Limited |
| Borrower | Current Infraprojects Limited |
| Purpose | Working capital requirements and general corporate/business purposes |
| Additional Facility Sanctioned | ₹2.69 Crore |
| Aggregate Facilities After Enhancement | ₹36.69 Crore |
| Date of Loan Agreement Execution | July 7, 2026 |
The transaction is not a related party matter, and the parties involved confirmed that the agreement operates on an arm's length basis. The sanctioned facilities are subject to customary financing conditions, compliance with financial covenants, and fulfillment of all preconditions specified by IndusInd Bank Limited.
CURRENT Stock Price Movement
Today, Current Infraprojects Limited shares edged higher, closing at ₹105.85 after gaining 0.76% in post-market trading. The stock recorded a total traded volume of 4,800 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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