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Board of CIAN Agro Industries & Infrastructure approves raising up to USD 30 mn via ECB

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Capital Market

At meeting held on 15 March 2021

The Board of CIAN Agro Industries & Infrastructure at its meeting held on 15 March 2021 has approved the raising of Funds subject to applicable regulatory approvals and market conditions, from SIRAJ HOLDING LLC, UAE, by way of External Commercial Borrowings( ECB') up to US$ 30 million (Thirty Million Dollars only) on the terms and conditions mentioned in the Loan Agreement and such ECB loan may be drawn either in lump sum or in different tranches up to the aforesaid amount for repayment of existing loan availed by the Company and for meeting add on working capital requirements of the Company.

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First Published: Mar 15 2021 | 5:53 PM IST

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