StockWatch
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Trading - Minerals
Loan & Debt14 May 2026, 06:13 pm

Starlineps to grant up to

AI Summary

Starlineps Enterprises Ltd has entered into a Memorandum of Understanding (MoU) with Celloraa Energy Private Limited to provide a loan of up to ₹20 Crore. This financial assistance is an unsecured loan for Celloraa Energy's business purposes, carrying an interest rate of 9% per annum. The MoU was signed on May 14, 2026. Starlineps holds no shareholding in Celloraa Energy, and the transaction is not a related party transaction. No security has been provided by the borrower, and the agreement does not grant Starlineps special rights like appointing directors or restricting capital structure changes.

Key Highlights

  • Starlineps to provide up to ₹20 Cr unsecured loan.
  • MoU signed with Celloraa Energy Private Limited.
  • Loan carries an interest rate of 9% per annum.
  • Transaction is not a related party transaction.
  • No security provided for the loan by the borrower.