Investment11 Jan 2024, 08:26 pm
TVS Srichakra Limited Enters into USD 5 Million Loan Agreement with Subsidiary
AI Summary
TVS Srichakra Limited has entered into a loan agreement with its wholly owned subsidiary, Super Grip Corporation, for an amount of USD 5 million at an interest rate of 6% per annum for a tenure of 3 years. The loan is repayable on demand and the borrower may prepay the loan along with interest at any time during the term of the loan without any penalty/premium, subject to giving 15 days prior written notice to the lender.,
Key Highlights
- Loan Agreement
- USD 5 Million
- 6% interest rate
- 3 years tenure
- Repayable on demand
- Prepayment allowed