Pioneer listed Gold jewellery retail chain company is looking for private finance to replace existing bank loans. The aim is to cut down costs and enable expansion.
The company is incorporated in 2000 in Tamil Nadu. It is listed in BSE and NSE, and is paying dividends to its shareholders.
The management has interest in expanding the business presence across the state and Southern India.
Over the years we have taken bank loans, which are incurring high costs. Now we want to replace the bank finance with private finance.
Clearance of current bank loans.
We are looking for alternative debt funding. We need minimum INR 210crs to clear all bank loans.
We can offer interest rate of up to 8%. The funding is needed for a term of min. 5 years. We can service the loan with quarterly interest payments.
Company properties worth INR 100cr and INR 350crs gold and silver stock spread over 30+ branches could be given as collateral.