MoneyWorks4Me

Exicom Tele-Systems enters into Loan Agreement with Exicom Power Solutions B.V.

24 Aug 2024 Evaluate

Exicom Tele-Systems has entered into a Loan Agreement with Exicom Power Solutions B.V., Netherlands, a Wholly Owned Subsidiary of the Company, for granting an unsecured loan of Rs 175 crore to Exicom Power Solutions B.V. (Borrower). The purpose of this loan is for the Borrower to infuse the funds in its wholly-owned subsidiaries in the USA and Australia respectively. These subsidiaries will use the funds to support their primary business activities and to facilitate business growth and expansion. 

Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.


Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
View more..