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ICDS Limited Approves Rs. 5 Crore Loan to Manipal Energy

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ICDS Limited Approves Rs. 5 Crore Loan to Manipal Energy

Confident Investing Starts Here:

An announcement from ICDS Ltd. ( (IN:ICDSLTD) ) is now available.

ICDS Limited, a company involved in financial services, has approved an inter-corporate loan of up to Rs. 5 Crore to Manipal Energy and Infratech Limited. This decision, made by the Board of Directors on March 10, 2025, involves a loan agreement with an interest rate of 12% per annum, repayable within 12 months. The transaction does not fall under related party transactions and is not associated with any special rights or shareholding changes. This move is expected to enhance ICDS Limited’s financial operations by extending its lending services, potentially impacting its market positioning and stakeholder interests.

More about ICDS Ltd.

YTD Price Performance: -27.68%

Average Trading Volume: 1,615

For a thorough assessment of ICDSLTD stock, go to TipRanks’ Stock Analysis page.

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