Announced Wed, 9 Sept · 17:52 IST
Loan interest rate raised from 11% to 13% with CMS IT Services
PRAXIS · price
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Price reaction · full curve 14 horizons · vs prior close
-5.3%1-day move
₹4.73
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-5.3-9.3-11.2-12.3-13.7—————
Up moveDown movePending
AI summary
Praxis Home Retail has amended its unsecured inter-corporate loan agreements with CMS IT Services. Interest rate revised upward from 11% to 13% per annum, effective May 22 and June 23, 2026. Total loan sanctioned is Rs. 20 crore; outstanding is Rs. 16.5 crore. Loans are for working capital and general corporate needs. The higher rate will increase the company's finance costs.
Likely market impact
200 bps interest rate hike raises borrowing costs and may pressure margins, mildly negative for shareholders.