Loan & Debt25 Sept 2026, 06:21 pm
Praxis Home Retail Secures ₹3.5 Cr Unsecured Loan
AI Summary
Praxis Home Retail Limited has entered into a Loan Agreement with Matrix Park Private Limited for an unsecured loan facility of up to ₹3.50 Crore. The loan will be disbursed in one or more tranches on or before March 31, 2027. The funds are intended for working capital requirements and general corporate purposes. The loan carries an interest rate of 13% per annum and has an initial tenure of 6 months, with an option for extension through mutual written agreement. This transaction does not involve any related parties.
Key Highlights
- Praxis Home Retail secures ₹3.5 Crore unsecured loan.
- Loan to be used for working capital and general corporate needs.
- Interest rate set at 13% per annum.
- Initial loan tenure is 6 months, extendable.
- Transaction is not with a related party.
Price Impact
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