Star Paper Mills lands $5.2M working capital line from UCO Bank
What's the deal? Star Paper MillsDealroom has a profile for this one. Try Dealroom → has signed an agreement to draw working capital facilities of up to ₹50 crore (about $5.2 million) from UCO BankDealroom has a profile for this one. Try Dealroom →. The arrangement, executed on September 10, 2026, splits into ₹40 crore of fund-based facilities and ₹10 crore of non-fund-based facilities.
How is it secured? Star Paper Mills has pledged collateral through hypothecation over its current assets, plus a mortgage by deposit of title deeds over its fixed assets. The loan amount is yet to be disbursed.
Why it stands out: The facility sits near the small end of the funding spectrum, in roughly the 7th percentile by size. It is a routine bank credit line rather than an equity round, aimed at day-to-day operations.
The signal: For an established manufacturer, tapping bank facilities over dilutive capital is a low-cost way to fund operations. The move underscores how listed industrial firms lean on lenders for liquidity rather than the venture markets.
Read more: equitybulls.com
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