Emerald Finance Ltd raises term loan of Rs. 15 crores from SBI

Emerald Finance Limited has raised a Term Loan of Rs. 15,00,00,000/- (Rupees Fifteen Crores only) from State Bank of India for further expansion of its business.

The funds shall be mainly utilized for its distinctive and unique Earned Wage Access Program. This program provides the facility to the employees of India's leading corporates to access part of their salaries seamlessly throughout the month. This product entails tying up with employers to offer short term loans to their employees.

Shares of Emerald Leasing Finance & Investment Company Ltd was last trading in BSE at Rs. 25.16 as compared to the previous close of Rs. 24.09. The total number of shares traded during the day was 73897 in over 255 trades.

The stock hit an intraday high of Rs. 28.90 and intraday low of 24.09. The net turnover during the day was Rs. 1938419.00.

Source : Equity Bulls

Keywords

EmeraldFinance INE030Q01015 TermLoan SBI