ALPHA TRIBE

Pratham EPC Projects LimitedImportant, 23-05-2025: Disclosure of material issue

23-05-2025 | 02:39 pm

Pratham EPC Projects Limited has extended a ₹50 Cr loan to its wholly owned subsidiary, Pratham International Contracting L.L.C, taking total intercompany loans to ₹62 Cr, which is material relative to the parent’s turnover. The loan carries a 7% annual compounded interest rate with up to 8 years tenure. This funding supports the subsidiary’s corporate and business needs, reinforcing its financial health. The company assures the transaction is at arm’s length with no special control terms, maintaining transparency for investors.

No comments yet. Be the first to comment!

All announcements from Pratham EPC Projects Limited