Pledges Controlling Stake in Subsidiary to JV Partner for ₹1.36 Cr Loan
RMC Switchgears Ltd · RMC · BSE ·
RMC Switchgears has secured a loan of ₹1.36 Crore from Saatvik Cleantech EPC Private Limited. As security, the company has pledged its entire 51% controlling stake in its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL). The lender, Saatvik Cleantech, is also the 4…