Loan & Debt31 Oct 2026, 08:11 pm
AAA Technologies Approves ₹6 Cr Inter-Corporate Loan
AI Summary
AAA Technologies Limited announced that its Board of Directors has approved an inter-corporate loan facility of up to ₹6,00,00,000 (Rupees Six Crore only) to Transaction Solutions International (India) Private Limited. The loan will carry an interest rate of 12% per annum, be repayable on demand, and have a maximum tenure of one year. The purpose of the loan is to provide financial assistance for repayment of existing indebtedness, working capital, and other business needs. The company currently holds no equity shares in the borrower.
Key Highlights
- Board approved inter-corporate loan of up to ₹6 Crore.
- Loan carries 12% annual interest, repayable on demand.
- Maximum tenure for the loan is one year.
- Funds to support borrower's working capital and debt servicing.
- AAA Technologies holds no equity in the borrower currently.
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