TVS Srichakra enters into pact to provide $5 mn loan to its arm
Summary
TVS Srichakra Ltd. has entered into an agreement with its wholly owned subsidiary Super Grip Corporation, USA (formerly known as SG Acquisition Corp), for extending an unsecured loan of $5 million.In a regulatory filing, the tyre major said it is being issued at an interest rate of 6% per annum. The loan amount is repayable in three years from the date of disbursement.
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