Loan & Debt22 May 2026, 07:21 pm
Praxis Home Retail Secures ₹5.5 Cr Unsecured Loan
AI Summary
Praxis Home Retail Ltd has entered into a loan agreement with CMS IT Services Private Limited on May 22, 2026, for an unsecured loan of ₹5.5 Crores. The loan is intended for working capital requirements and general corporate purposes. The unsecured, inter-corporate loan carries an interest rate of 11% per annum for a period of 6 months, subject to mutual written agreement for extension.
Key Highlights
- Praxis Home Retail secures ₹5.5 Cr unsecured loan from CMS IT Services.
- The loan carries an interest rate of 11% per annum.
- Loan tenure is 6 months, extendable by mutual agreement.
- The funds will be used for working capital and general corporate purposes.
Price Impact
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