30th Jun 2015 09:02
LONDON (Alliance News) - Jubilant Energy NV on Tuesday said its Indian operating subsidiary has entered into a funding deal with Tower Promoters Pvt Ltd for an unsecured loan facility of INR150 million, or around USD2.4 million.
Tower Promoters is controlled by SS Bhartia, a non-executive director and chairman of Jubilant.
The funds will be used to fund working capital and operating costs of the company, along with debt servicing obligations.
Shares in Jubilant were untraded on Tuesday, having last traded at 2.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
JUB.L