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Appu Hotels: Former Thyrocare promoter A Velumani's entity extends Rs 420 crore debt facility to Appu Hotels

Velumani, who had sold his stake in Thyrocare in 2021, provided the loan to Appu Hotels for a term of two years at a coupon of 17%, the people cited earlier told ET. The loan was given by iHeart Properties, a company owned by Velumani. ....

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