SoftSol India Limited Board approves loan to subsidiary

The Board of Directors of SoftSol India Limited at their meeting held on TODAY, i.e. Thursday, 30th September 2021, has considered, reviewed and approved to give Loan up to USD 5.00 Million (Five Million USD) to the wholly owned subsidiary i.e., SOFTSOL RESOURCES INC, Situated at 42808, CHRISTY ST, STE 1OO, FREMONT, CALIFORNIA - 94538, USA.

The interest rate is Average Monthly SOFR (Secured Overnight Financing Rate) PLUS 1%.

The principal amount is due for repayment at the end of 10 years from the date of disbursement.

SoftSol Resources Inc, USA is allowed to pre-pay the loan at any point of time without any charges.

Shares of SoftSol India Limited. was last trading in BSE at Rs. 148 as compared to the previous close of Rs. 150.95. The total number of shares traded during the day was 593 in over 21 trades.

The stock hit an intraday high of Rs. 153.9 and intraday low of 148. The net turnover during the day was Rs. 90244.

Source : Equity Bulls

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