AAA Technologies approves Rs 6 crore loan to Transaction Solutions
AAATECH · price
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AAA Technologies approved a loan of up to Rs 6 crore to Transaction Solutions International (India) Private Limited. Interest is 12% a year, payable quarterly, for up to one year from the first draw and repayable on demand. The loan is unsecured, with a share pledge planned after approvals. Funds may fund debt repayment and working capital. No amount was outstanding at disclosure, and AAA Technologies holds no shares in the borrower.
The loan adds credit risk, with potential 12% interest income. No amount is outstanding, so there is no immediate earnings or cash-flow benefit.