Exicom Tele-Systems has entered into a Loan Agreement with Axis Finance on August 26, 2024, to avail secured loan (the Facility) of up to Rs 125 crore. The Facility shall be utilized for the purposes of acquisition of assets of an Australian company named Tritium (manufacturer of EV chargers), located in USA and Australia (Target Company) by the wholly-owned subsidiary/step-down wholly-owned subsidiary(ies); and towards transaction charges.
Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.