Announced Wed, 24 Jun · 17:58 IST
Praxis Home Retail takes 14.5 cr loan from CMS IT Services
PRAXIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹8.33
prior close
₹8.44
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.5+0.5+0.7+0.7-0.4+0.1-2.5-4.0-6.1-10.6-16.0——
Up moveDown movePending
AI summary
Praxis Home Retail entered a loan agreement on June 23, 2026 with CMS IT Services for an unsecured inter-corporate loan up to 14.5 crores, drawn in tranches by March 2027. Purpose is working capital and general corporate needs. Interest rate is 11 percent per annum for 6 months. Already 4 crores drawn with 4 crores outstanding. Not a related party transaction.
Likely market impact
New debt at 11 percent for working capital; no equity dilution but adds interest burden. Not related party.