Exicom Tele-Systems Ltd enters into loan agreement with Axis Finance Ltd

Exicom Tele-Systems Limited ("the Company") has entered into a Loan Agreement ("Agreement") with Axis Finance Limited (hereinafter "the Lender") on August 26, 2024, to avail secured loan (hereinafter "the Facility") of up to Rs. 125.00 Crores (Rupees One Hundred Twenty Five Crores Only).

The Facility shall be utilized for acquisition of assets of an Australian company named Tritium (manufacturer of EV chargers), located in USA and Australia ("Target Company") by the wholly-owned subsidiary/step-down wholly-owned subsidiary(ies).

Shares of Exicom Tele-Systems Limited was last trading in BSE at Rs. 393.70 as compared to the previous close of Rs. 400.70. The total number of shares traded during the day was 18275 in over 623 trades.

The stock hit an intraday high of Rs. 404.00 and intraday low of 392.00. The net turnover during the day was Rs. 7282429.00.

Source : Equity Bulls

Keywords

ExicomTeleSystems INE777F01014 HeavyElectricalEquipment LoanAgreement AxisFinance