Chandan Healthcare gets Rs 5.22 Cr medical equipment loan from ICICI Bank
CHANDAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Chandan Healthcare has been sanctioned a Medical Equipment Loan facility of Rs 5.22 crore by ICICI Bank at 8.75 percent per annum interest rate. The 60-month loan with a 60-day moratorium will fund 90 percent of a 128-slice CT scanner costing Rs 5.80 crore, with the company contributing a 10 percent margin. The facility also includes a Letter of Credit for equipment procurement. Asset hypothecation serves as security. No impact on management or control.
New credit facility supports capex for CT scanner, aiding diagnostic business expansion; adds Rs 5.22 Cr debt at 8.75 percent interest.