Announced Fri, 3 Jul · 18:57 IST
Glottis approves Rs 5 Cr loan to US subsidiary
Business Updates View source PDF
GLOTTIS · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹67.30
prior close
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base price
After-mkt
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AI summary
Glottis Limited board has approved an inter-corporate loan of up to Rs 5 Crores (or equivalent in US Dollars) to its wholly owned subsidiary Glottis Inc. in Texas, USA, for working capital needs. The loan is unsecured, at arm's length basis, and repayable within five years from disbursement.
Likely market impact
Routine internal funding to wholly owned US subsidiary; no direct material impact on shareholders.