Radiant Cash renews ₹15 Cr loan facility for subsidiary Aceware

Radiant Cash Management Services Ltd has renewed its inter-corporate loan arrangement with its subsidiary, Aceware Fintech Services Private Limited. The renewed agreement allows Radiant Cash to provide financial assistance up to an aggregate outstanding amount of ₹15,00,00,000 (₹15 Crores). The loan is unsecured, has a tenure of one year, and is repayable on demand. The interest rate is flexible, based on the company's highest borrowing rate plus 0.10% p.a., but not lower than the prevailing Government Security yield. The outstanding loan amount as of the disclosure date is ₹11,50,00,000. This renewal is part of an existing arrangement and does not increase the overall sanctioned limit.