Announced Mon, 7 Sept · 14:35 IST
Dev Labtech avails Rs 2.1 cr credit line from HDFC Bank
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹18.25
prior close
₹18.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.9+3.0+12.3+4.4+4.5-1.5————
Up moveDown movePending
AI summary
Dev Labtech Venture has executed a Master Facility Agreement with HDFC Bank on 5 Sep 2026 for a Rs 2.10 crore Overdraft Against Property facility meant for working capital needs. Interest is 8.9 percent floating per annum with 12-month tenure, repayable on demand. Security includes residential and commercial property plus personal guarantee, stock and debtors.
Likely market impact
New Rs 2.1 cr working capital line at 8.9 percent from HDFC Bank supports operations; modest size for an SME-listed firm.