Loan & Debt27 Oct 2026, 06:40 pm
Rajvi Logitrade Ltd Enters ₹2.5 Cr Vehicle Loan Agreement
AI Summary
Rajvi Logitrade Limited has entered into a vehicle loan agreement with IKF Finance Limited for an aggregate amount of Rs. 2,50,00,000/- (Rupees Two Crore Fifty Lakh). The loan has an interest rate of 16% per annum and is repayable over 34 months with a 60-day moratorium. The loan is secured by the hypothecation of 10 commercial vehicles. The company cited a procedural lapse on the lender's part for the delay in disclosure.
Key Highlights
- Secured vehicle loan of Rs. 2.50 Crore from IKF Finance Limited.
- Loan carries an interest rate of 16% per annum.
- Repayment tenure is 34 months with a 60-day moratorium.
- Loan is secured by hypothecation of 10 commercial vehicles.
- Disclosure delay attributed to lender's procedural lapse.
Price Impact
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