
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.
Price Impact
More from STARLENT