India, Nov. 6 -- Ravindra Energy Limited has executed a loan agreement with Tata Capital Limited to avail a rupee term loan facility of up to Rs. 100 crore.
The company will utilise the funds to provide unsecured loans to Energy In Motion Limited, its jointly controlled entity, or any of its subsidiaries.
The loan agreement was executed on November 5, 2026. Under the agreement, Tata Capital will have the right to appoint a nominee director on Ravindra Energy's board in the event of a default and its continuation.
The company clarified that the transaction does not fall under related-party transactions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....