Jungle Camps India Limited has informed the exchange about execution of Inter Corporate Loan Agreement with Divine Enterprises Private Limited (Wholly Owned Subsidiary) pursuant to regulation ....
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Jungle Camps India Limited has signed an Inter Corporate Loan Agreement with Divine Enterprises Private Limited, its wholly owned subsidiary, on 9th May 2025. The company is acting as the lender, extending Rs. 37 lakhs to the subsidiary for business purposes. No security is being provided against the loan, and there is currently no outstanding loan from the subsidiary. The transaction qualifies as a related party transaction but has been carried out at arm's length basis.
This is a routine intra-group loan to a wholly owned subsidiary and is unlikely to have a material impact on the standalone stock price. It signals the parent is supporting subsidiary operations but the small size (Rs. 37 lakhs) makes it financially insignificant for shareholders.