19-Aug-2026      18:11

Ceigall India approves security creation for Rs 29.44 crore highway project financing

Ceigall India Limited announced that its Management Committee approved the creation of security for a Rupee Term Loan facility sanctioned to Ceigall Indore Ujjain Greenfield Highway Limited, a subsidiary and project special purpose vehicle, to finance a highway project. The company will also further invest in the Project SPV through equity share capital and loans, with an initial infusion of Rs 29.44 crore, representing 74% ownership, alongside Ceigall Infra Projects Private Limited, a wholly-owned subsidiary, which will hold 26%.

News source: Capital Market - Live News