Narbada Gems and Jewellery nods renewal of working capital facilities aggregating Rs16.17cr

Narbada Gems And Jewellery manufactures gemstone and kundan jewellery.

Sep 22, 2021 09:09 IST India Infoline News Service

Narbada Gems & Jewellery Ltd has informed to the exchange regarding approval of Board of Directors on working capital facilities.

In a regulatory filing, the company said that the Board considered the terms and approved the Renewal of the existing Fund based and Non fund based working capital facilities aggregating to Rs16.17cr (Rupees Sixteen crores seventeen lakhs only) from Kotak Mahindra Bank with interchangeability between the Cash Credit and Metal Term Loan as per sanction letters on July 22, 2021 and supplementary letter dated September 17, 2021 from the Bank.

Narbada Gems And Jewellery manufactures gemstone and kundan jewellery. The Company incorporates gemstones such as rubies, emeralds, sapphires, cubic zirconia, pearls, diamonds, and other stones.

At around 9:25 AM, Narbada Gems & Jewellery was trading at Rs26 apiece down by Rs0.9 or 3.35% on the BSE.

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