28th Oct 2015 12:59
LONDON (Alliance News) - Jubilant Energy NV on Wednesday said its two Indian subsidiaries have signed a funding deal with Tower Promoters Pvt Ltd.
The funding deal comprises unsecured loan facilities for the two subsidiaries totalling INR7.7 million, equivalent to USD1.19 million.
The funds from the loan will be used to fund the capital and operating expenditure, debt servicing and for other corporate purposes.
Shares in Jubilant Energy were untraded on Wednesday, having last traded at 0.548 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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