Loan & Debt27 Oct 2026, 05:50 pm
Optiemus Infracom Lends ₹50 Cr to Wholly Owned Subsidiary GDN
AI Summary
Optiemus Infracom Ltd announced that its Operations & Administration Committee has approved a loan agreement with its wholly-owned subsidiary, GDN Enterprises Private Limited. The company will provide an unsecured loan of up to ₹50 Crores (₹50,00,00,000/-) in one or more tranches over a period of 3 years. The purpose of this financial assistance is to support GDN's business operations and meet its working capital requirements. The loan will be provided at an interest rate of 8.50% per annum or the SBI Benchmark rate. This transaction falls under related party transactions and will be conducted on an arm's length basis. As of the filing date, ₹100 Crores is outstanding under existing loans to GDN.
Key Highlights
- Optiemus Infracom to lend up to ₹50 Cr to subsidiary GDN.
- Loan to support subsidiary's operations and working capital.
- Unsecured loan with a 3-year tenure at 8.50% interest.
- Transaction is on an arm's length basis as a related party transaction.
- Existing outstanding loan to GDN is ₹100 Cr.
Price Impact
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