MoU24 Apr 2026, 05:11 pm
Starlineps Enterprises to Grant ₹1.45 Cr Unsecured Loan to Tobias Amines
AI Summary
Starlineps Enterprises Ltd has entered into a Memorandum of Understanding (MoU) with Tobias Amines Limited to provide a financial assistance loan of up to ₹1.45 Crore. The loan is intended for the business purposes of Tobias Amines Limited and will be unsecured. The agreement, executed on April 24, 2026, stipulates an interest rate of 8% per annum on the facility amount. Starlineps Enterprises Ltd does not hold any shareholding in Tobias Amines Limited, and the transaction is not considered a related party transaction.
Key Highlights
- Starlineps Enterprises to grant an unsecured loan of up to ₹1.45 Crore.
- Loan provided to Tobias Amines Limited for business purposes.
- Interest rate for the loan facility is set at 8% per annum.
- The MoU was executed on April 24, 2026.
- Starlineps Enterprises has no shareholding in Tobias Amines Limited.
Price Impact
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