Bluspring Guarantees ₹175 Crore Loan for Subsidiary's Acquisition
Bluspring Enterprises Limited · BLUSPRING · NSE ·
Its wholly-owned subsidiary has secured a ₹175 Crore term loan from Poonawalla Fincorp to finance the 100% acquisition of STEAG Energy Services (India) Private Limited. The loan significantly increases the company's consolidated debt and leverage. <b>Key Risk for Shareholders:</b…