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Indo Thai Securities Limited ( (IN:INDOTHAI) ) just unveiled an update.
Indo Thai Securities Limited has executed an inter-corporate loan agreement with Yash Technologies Private Limited for an amount of up to Rs 20 crore, carrying an interest rate of 10% per annum payable on maturity over a fixed tenure of four months, which may be altered by mutual consent. The transaction qualifies as a related-party arrangement because an independent director of Indo Thai serves as CFO of Yash Technologies, but the company has emphasized that the deal is on an arm’s-length basis, signaling a short-term deployment of surplus funds and underscoring its adherence to disclosure and governance norms under SEBI’s listing regulations.
More about Indo Thai Securities Limited
Indo Thai Securities Limited is an India-based financial services company operating in the securities and capital markets space, with its equity shares listed on BSE and NSE under the symbol INDOTHAI. The company provides brokerage and related financial services to investors and corporates, positioning itself within the broader financial and investment services industry.
Average Trading Volume: 49,779
Technical Sentiment Signal: Hold
Current Market Cap: 30.02B INR
Find detailed analytics on INDOTHAI stock on TipRanks’ Stock Analysis page.