Announced Wed, 15 Jul · 16:11 IST
Board approves secured loan of Rs. 1.53 crore from Cholamandalam
Price
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Price reaction · full curve 14 horizons · vs prior close
+6.7%1-day move
₹30.70
prior close
₹32.27
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+6.7+12.1+15.3+21.0+23.7+17.9————
Up moveDown movePending
AI summary
Yash Innoventures' board approved a secured loan facility of up to Rs. 1.53 crore from Cholamandalam Investment and Finance Company. The loan carries interest of up to 10.50% per annum and a tenure of up to 168 months. The company will mortgage its Ahmedabad office property as security. The Managing Director has been authorized to finalize terms and sign all required documents.
Likely market impact
New debt of Rs. 1.53 crore at 10.50% interest, secured by Ahmedabad property. Long 168-month tenure eases repayment. Modest impact for small-cap.