Loan & Debt29 Apr 2026, 03:56 pm
ICDS Board Approves ₹5 Cr Inter-Corporate Loan to Manipal Energy
AI Summary
ICDS Ltd's Board of Directors approved an inter-corporate loan of up to ₹5 Crore to Manipal Energy and Infratech Limited at their meeting on April 29, 2026. The unsecured loan carries an interest rate of 12% per annum and is repayable within 12 months from the date of disbursement. The company clarified that this transaction is not considered a related party transaction.
Key Highlights
- ICDS approved an inter-corporate loan of up to ₹5 Crore.
- Loan extended to Manipal Energy and Infratech Limited.
- The unsecured loan carries an interest rate of 12% p.a.
- Repayment is due within 12 months of disbursement.
- The transaction is not a related party transaction.
Price Impact
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